The meetings approved 20 percent cash and 20 percent bonus share for the year 2001, 40 percent bonus share for the year 2002 and 50 percent bonus share for the year 2003, says a press release.

Kamal Uddin Ahmed, chairman of the bank, presided over the meetings. Among others, Former chairman Ahmed Akbar Sobhan, Vice-chairmen of the bank Abdul Awal Patwary and Munshi Akhtaruzzaman, Managing Director Kazi Anwarul Mahbub, Deputy Managing Director Shahabuddin Chaudhury and Board Secretary MH Shaikh were present.

The meetings were informed that SIBL made an operating profit of Tk 500.54 million during 2003, registering 19.17 percent growth over the previous year.