Bank Asia declares 20pc dividends

Star Business Desk

Bank Asia declared 20 percent dividends—5 percent bonus share and 15 percent cash dividend—for 2015 at the bank's 17th annual general meeting at Dhaka Ladies Club yesterday.

A Rouf Chowdhury, chairman of the bank, presided over the meeting, the bank said in a statement.

With 5 percent stock dividends, the paid-up capital of the bank would increase to Tk 881 crore, according to the statement.

Shareholders of the company attended the meeting in large numbers. They expressed satisfaction at the overall performance of the bank and approved the accounts for 2015, the bank said in the statement.