UCB, IFIC get regulatory nod to issue stock dividend
UCB said the commission has accorded its consent for the bank's declaration of 5 per cent stock dividend for 2022. IFIC said it has received the regulatory permission to raise its paid-up capital by issuing a 2.50 per cent stock dividend for the last financial year.
United Commercial Bank Ltd and IFIC Bank PLC have received consent from the Bangladesh Securities and Exchange Commission (BSEC) to declare a stock dividend for the year that ended on December 31, 2022.
In a post on the Dhaka Stock Exchange today, UCB said the commission has accorded its consent for the bank's declaration of 5 per cent stock dividend for 2022.
For all latest news, follow The Daily Star's Google News channel. In another filing, IFIC said it has received the regulatory permission to raise its paid-up capital by issuing a 2.50 per cent stock dividend for the last financial year.
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