Committed to PEOPLE'S RIGHT TO KNOW
Vol. 4 Num 300 Thu. April 01, 2004  
   
Business


Bank Asia board recommends 24pc bonus share
A board meeting of Bank Asia has recommended 24 percent bonus share-- 12 shares for every 50-share-- for the year 2003, says a press release.

The bank earned an operating profit of Tk 419.09 million and a net profit of Tk 215.85 million after tax/provision during the year that ended on December 31, 2003. The assets of the bank stood at Tk 12.60 billion as on that date.

The board meeting was held on Sunday with Chairman of the bank M Syeduzzaman presiding over. Vice-Chairman A Rouf Chowdhury, Directors Md Shafiuddin Chowdhury, Mohd Safwan Choudhury, Arifur Rahman Sinha, Md Sirajul Haque, Jahir Uddin, Rumee A Hossain and Md Anwar Hussain and President and Managing Director Syed Anisul Huq were present in the meeting.

The accounts of the bank for the year ending December 31, 2003 as audited by Rahman Rahman Huq, Chartered Accountants were also approved in the meeting.