• Saturday, Jul 11, 2020
  • Last Update : 09:00 pm

NCC Bank postpones dividend

  • Published at 07:17 pm May 31st, 2020
NCC Bank logo

Bangladesh Bank on May 11 barred banks from disbursing any dividend for their shareholders aiming to keep the financial health of banks unhurt from the economic hit of coronavirus emergency

The board of directors of National Credit and Commerce Bank Limited has postponed the recent dividend recommendation for 2019 in compliance of a directive of Bangladesh Bank (BB). 

The Dhaka Stock Exchange (DSE) on Sunday announced its decision on its website.

Earlier, the BB on May 11, barred banks from disbursing any dividend for their shareholders aiming to keep the financial health of banks unhurt from the economic hit of coronavirus emergency.

The board of the bank further informed that they unanimously decided to postpone the recommendation of dividend, record date and date of AGM to comply the BB circular.

On April 27, the board of directors of the bank in a virtual meeting recommended 17% cash dividend for the year ended on December 31, 2019.

The Bank has also reported consolidated EPS of Tk2.30, consolidated NAV per share of Tk21.02 and consolidated NOCFPS of Tk4.60 for the year ended on December 31, 2019 as against Tk1.97, Tk19.19 and Tk5.44 respectively for the same period of the previous year. 

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