EBL approves 25% dividend for 2021

Eastern Bank Limited (EBL) has announced 25% dividend for the year 2021 at its 30th Annual General Meeting held through digital platform on Thursday. The dividend declared includes 12.50% cash and 12.50% stock. 

The shareholders unanimously approved the dividend at the AGM. 

EBL reported consolidated Tk 4800 million profit after tax, a significant year on year growth of 14.83% along with consolidated cost to income ratio of 39.10%. The bank has also reported consolidated earnings per share of Tk 5.03 and total assets Tk 392,187 million.  

The AGM presided over by Md. Showkat Ali Chowdhury, Chairman of the Board of Directors of the Company, was attended by the directors M. Ghaziul Haque, Mir Nasir Hossain, Salina Ali, Mufakkharul Islam Khasru, Gazi Md. Shakhawat Hossain, K. J. S Banu, Zara Namreen, Ashiq Imran, Dr. Toufic Ahmad Choudhury and Ruslan Nasir.

Md. Showkat Ali Chowdhury said when coronavirus pandemic made everything look bleak, EBL managed to emerge from the situation with renewed strength and had demonstrated financial integrity, maintaining profitability throughout the year.

Ali Reza Iftekhar, Managing Director & CEO and Md. Abdullah Al Mamun, FCS, Company Secretary, other senior officials of the bank and a large number of shareholders joined the meeting through digital platform.