EBL declares 20pc cash, 10pc stock dividends at 27th AGM

_A Monitor Report01 Jun, 2019 | 876 Views|-+
Dhaka : The 27th Annual General Meeting (AGM) of EBL Shareholders unanimously approved 20 per cent cash and 10 per cent stock dividends for the year ended on December 31, 2018.

The AGM held on May 23 at Police Convention Hall, Ramna, in the city was presided over by Md. Showkat Ali Chowdhury, Chairman of the Board of Directors of the Company. He presented the Directors' Report and Financial Statements for the year 2018 and replied to various queries from the shareholders.

Besides a large number of shareholders, the AGM was attended by EBL Directors A.M. Shaukat Ali, Mir Nasir Hossain, Meah Mohammed Abdur Rahim, Mufakkharul Islam Khasru, Ormaan Rafay Nizam, Gazi Md. Shakhawat Hossain; Managing Director and CEO Ali Reza Iftekhar; DMD and Company Secretary Safiar Rahman.

Reappoints Ali Reza Iftekhar as MD

Eastern Bank Limited (EBL) has reappointed their Managing Director and CEO Ali Reza Iftekhar for another three years. He has been serving EBL in this position since 2007. In a chequered career of 34 years, Iftekhar has held important positions in local private and international banks including Banque Indosuez, Standard Chartered Bank and AB Bank.

He joined EBL as Deputy Managing Director back in 2004 and was promoted to Additional Managing Director in 2006. In 2007, he was entrusted with the position of Managing Director and CEO. Iftekhar is a recipient of CEO of the Year 2012 award at Asian Leadership Award program held in Dubai.

He served as the chairman of the Association of Bankers Bangladesh Limited (ABB), the apex body for banking professionals of the country for the term 2014-15. A marketing graduate from Dhaka University, Iftekhar has vast experience in risk management, corporate compliance and regulatory issues in banking sector.

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