Shimanto Bank approves 5% stock dividend at 9th AGM
Shimanto Bank PLC held its 9th Annual General Meeting (AGM) on 15 July 2025 at Shahid Captain Ashraf Hall, HQ BGB, Peelkhana.
The meeting was presided over by the Director General of Border Guard Bangladesh and Chairman of the Bank, Maj Gen Mohammad Ashrafuzzaman Siddiqui, OSP, BSP, SUP, BGBM, ndc, psc, MPhil.
During the AGM, shareholders approved a 5% stock dividend for the year 2024. The Director's Report and Auditor's Report were also endorsed, along with the election of directors and the appointment of the auditor.
In his welcome address, Maj. Gen. Siddiqui shared the bank's key financial indicators and emphasised the need to strengthen its economic fundamentals. He expressed confidence that Shimanto Bank will continue contributing to the country's macroeconomic development and urged management to remain prepared for future challenges and competition in the banking sector by focusing on customer trust and service excellence.
Keep updated, follow The Business Standard's Google news channel
Managing Director and CEO Rafiqul Islam highlighted the bank's capital growth, noting that shareholder equity has increased from BDT 400 crore at inception to BDT 577 crore. "Shimanto Bank recorded remarkable growth in 2024," he said, assuring stakeholders of the bank's continued commitment to achieving its strategic goals.
He also extended his gratitude to the Board of Directors, shareholders, customers, the Border Guard Bangladesh, Bangladesh Bank, and other regulatory authorities for their continued support and confidence.
The AGM was attended by shareholders, directors, senior officers from BGB and Shimanto Bank, as well as other stakeholders. Company Secretary Hossain Suman FCS conducted the meeting.
