The board of directors of Shimanto Bank has approved 3% stock dividend for its shareholders.
The decision came from the bank's 5th annual general meeting (AGM) that was held virtually on Monday, said a press release.
Director General of Border Guard Bangladesh and Chairman of the Bank Major General Md Shafeenul Islam, BGBM (BAR), ndc, psc presided over the meeting.
Dividend Director's Report, Auditor's Report were approved, directors were elected and auditor was appointed in the AGM.
Md Shafeenul Islam said that the role of banks for economic recovery from damages caused by the Covid-19 pandemic is significant.
"Banks will face enormous challenges in the upcoming years but Shimanto Bank Ltd has achieved capacity to face future challenges.", he said.
Bank's Managing Director and CEO, Muklesur Rahman said that Shimanto Bank Ltd has successfully ensured profit since 2016.
Directors and Shareholders of Shimanto Bank Ltd, auditors, retainers, top executives and other stakeholders were present in the AGM.