NRBC board recommends 12.50% dividend for shareholders

The Board of Directors of NRB Commercial (NRBC) Bank Limited has recommended 7.50 percent cash and 5 percent stock dividend for the shareholders for the year 2020, which is subject to the approval of the 8th annual general meeting (AGM) of the Bank.

Both sponsors and general shareholders will receive the declared dividend.

Investors who have become the shareholder, through the secondary market this year will also receive this dividend, though this is the dividend of last year.

The decision was taken in the 119th board meeting of the board of directors, which took place virtually on Thursday, reads a press release.

The meeting was chaired by the bank’s Chairman SM Parvez Tamal.

In the meeting, the board also decided to hold the 8th AGM of the Bank on June 26.

Moreover, the record date for entitlement of the dividend has been fixed as May 31.

The meeting adopted annual audited financial statements for the year that ended on December 31, 2020.

Before the enlistment in the share market, the paid-up capital of the bank was Tk 582 crore which increased to Tk 702.52 crore after the IPO enlistment.