The South Bangla Agriculture and Commerce (SBAC) Bank held its 9th Annual General Meeting (AGM) on Thursday.
The meeting was presided by Abdul Kadir Molla; chairman of the bank on a digital platform, reads a press release.
In the AGM, shareholders have approved a 1% stock and 3% cash dividend for the year ended December 31, 2021.
The chairman of the meeting, in his speech to shareholders, said that due to the coronavirus pandemic, the last two years have been extremely challenging for the banking sector.
SBAC Bank's efficient management is working to address the emerging situation.
“Our bank will be continuing to serve the interest of shareholders, clients and communities, on the whole,” he added.
Among other directors, Vice Chairman Al-Haj Mizanur Rahman virtually attended the AGM. Managing Director & CEO of SBAC Bank Mosleh Uddin Ahmed and Company Secretary Md Mokaddess Ali was also present at the program.
MD & CEO Mosleh Uddin Ahmed said: “We want to transform this bank into public welfare and business success organization. Hopefully, the bank will be able to make the desired profit in the future.”