The shareholders of City Bank has approved the recommended 20% stock dividend for the year ended on December 31, 2013 at the bank’s annual general meeting held on Thursday. The bank’s chair Rubel Aziz presided over the meeting held at a local hotel in Cox’s Bazar, said a press release. The shareholders placed a few questions regarding performance of the bank and its future prospect.
We have continued to deliver consistent financial performance despite several challenges like excessive liquidity, growth of NPL and subdued economic activities, said Rubel Aziz. Vice chair Meherun Haque and directors along with a large number of shareholders attended the meeting.
