Mercantile Bank declares 20pc dividend

The 15th Annual General Meeting of Mercantile Bank Limited was held at Pan Pacific Sonargaon Dhaka on Thursday (June 12, 2014) in presence of a large number of Share Holders of the Bank. The Profit & Loss A/c, Balance Sheet as on December 31, 2013 and 8 percent cash and 12 percent stock Dividend has been approved by the Share Holders. The meeting was presided over by Mr. M Amanullah, Chairman of the Board of Directors of Mercantile Bank Limited.                                                                                                                     The Chairman in his speech mentioned that, the success of the Bank in the year 2013 is the result of co-operation and support of its shareholders clients, Central Bank and other regulatory bodies and he thanked the Board of Directors and the management for their collective effort towards the achievement of the Bank. He mentioned that the Bank is emphasizing on Agriculture, Women entrepreneurs and SME sector intimate with the policy of the Government and Central Bank to strengthen the economy of the country. He expected his firm believe that, Mercantile Bank Limited will be able to face the challenges of 21st century by developing the quality of its services and human resources and implementing use of highest technology and managing risks. The Director of the Bank – Mr. Md. Shahabuddin Alam – Vice Chairman, Mr. Md. Anwarul Haque -Chairman Executive Committee, Dr. Mahmood Osman Imam – Chairman Audit Committee, Mr. Mohd. Selim-Chairman, Risk Management Committee. Directors Mr. M. S. Ahsan, Mr. Al-Haj Akram Hussain (Humayun), Mr. A. S. M. Feroz Alam, Mr. Md. Abdul Hannan, Mr. Morshed Alam M.P, Al-Haj Mosharref Hossain Sponsors – Dr. Toufique Rahman Chowdhury, Engr. Mohd. Monsuruzzaman, Mr. Md. Mizanur Rahman Chowdhury, Mr. S. M. Shafiqul Islam (Mamun), Mr. A.K.M. Shaheed Reza, Sponsor Shareholder Mr. Syed Mohammad Abdul Mannan, M.P. and Mr. M A Khan Belal, Bank’s Managing Director & CEO Mr. M Ehsanul Haque, Additional Managing Directors Mr. Md. Abdul Jalil Chowdhury and Mr. Monindra Kumar Nath, Deputy Managing Directors Mr. Md. Quamrul Islam Chowdhury, Mr. Mohammad Masoom and Mr. Mati ul Hasan were present. Mr. M Ehsanul Haque, Managing Director and CEO delivered the welcome address to the shareholders for attending the meeting. In his speech he described the activities of the bank in the year 2013 and presented the future planning for the year 2014. On behalf of the Shareholders few persons also delivered their speeches in the meeting.