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AB Bank recommends 12.50% stock dividend

The Board of Directors of AB Bank Limited has recommended a total of 12.50 percent stock dividend for the year ending on December 31, 2014, UNB reports. The Board has also decided to issue AB Bank Subordinated Bond-II of Tk 400 crore for Tier-II Capital subject to approval of the concerned Regulatory Authorities and extraordinary general meeting (EGM) of the Company. The Annual General Meeting (AGM) of the company will be held on May 17 at Bashundhara Convention Centre-02, Bashundhara residential area in the capital while the record date is April 23, according to the DSE website. The Company has also reported consolidated EPS of Tk 2.81, consolidated NAV per share of Tk 35.23 and consolidated NOCFPS of Tk 9.11 for the year.

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