The 23rd Annual General Meeting (AGM) of Mercantile Bank Limited was held virtually from its head office on Thursday, April 28.
The Profit and Loss Account, Balance Sheet as of December 31, 2021, and 12.5% cash and 5% bonus dividend have been approved by the shareholders, reads a press release.
The meeting was presided over by Morshed Alam MP, chairman of the board of directors of Mercantile Bank Limited.
Bank’s Managing Director and CEO Md Quamrul Islam Chowdhury delivered his welcome speech at the AGM.
ASM Feroz Alam and Md Abdul Hannan, vice chairmen; Al-Haj Akram Hossain (Humayun), chairman, Executive Committee; Md Anwarul Haq, chairman, Risk Management Committee; M A Khan Belal, chairman, Mercantile Bank Securities Ltd; M Amanullah, Md Nasiruddin Choudhury, Alhaj Mosharref Hossain, Mohammad Abdul Awal and Dr Md Rezaul Kabir, Directors; were connected the AGM virtually.
Bank’s CFO Tapash Chandra Paul, PhD, Company Secretary Abu Asghar G Haruni, sponsors, and a significant number of shareholders were also connected to the AGM virtually.
The chairman in his speech stated that facing the challenges of the Covid-19 pandemic, Mercantile Bank succeeded in 2021.
He mentioned it is the result of the cooperation and support of its shareholders, clients, Bangladesh 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 expressed his firm belief that Mercantile Bank Limited will be able to face the challenges of the 21st century by developing the quality of its services and human resources, implementing the use of the latest technology and managing risks.
Bank’s Managing Director and CEO Md Quamrul Islam Chowdhury said to the shareholders about the activities of the bank in the year 2021 and presented the future planning for the year 2022.
Bank’s Additional Managing Director and CRO Mati Ul Hasan, Deputy Managing Directors Adil Raihan, Shamim Ahmed, Hasne Alam and Md Mahmood Alam Chowdhury along with senior executives and officers were present on the occasion.