EXIM Bank declares 10% dividend

EXIM Bank has recommended 7.50 percent cash and 2.50 percent stock dividends to its shareholders for the year ended on December 31, 2020.

The dividend payout was recommended at the bank's board of directors meeting. 

However, final approval regarding the dividends will come during the Annual General Meeting (AGM) scheduled for June 29 on a digital platform, said the company in a filing with the Dhaka Stock Exchange on Tuesday.

The company reported earnings per share (EPS) of Tk 1.99 and net asset value (NAV) per share of Tk 21.66 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as June 6.

The company also said that the retained amount of profit will be utilised to strengthen the capital base of the company to support business growth.