The recommendation, which was made at a meeting of the board of directors of the bank, will be placed before the eleventh annual general meeting (AGM) for final approval. The AGM is scheduled to be held in Dhaka on April 30.

In 2006, DBBL earned an operating profit of Tk 108.047crore and a net profit before tax Tk73.7crore, up 15 percent and 7.15 percent respectively from the previous year, the release added.

Presided over by DBBL Chairman Abul Hasnat Md Rashidul Islam, the board meeting was also attended by directors Bernhard Frey, Zaheed Hossain Khan, and Shahabuddin Ahmed and Managing Director Md Yeasin Ali.