The dividend was recommended at a meeting of the board of directors of the bank held in Dhaka on Sunday, says a press release.

The meeting, presided over by the bank Chairman Md Anowar Hossain, decided 11th annual general meeting of the bank will be held on May 17. The meeting also recommended enhancement of authorised capital of the bank from Tk100 crore to Tk250 crore subject to approval of the Bangladesh Bank.

Among others, Vice-chairman Dr Bahauddin Md Yousuf, Managing Director MA Samad Sheikh and General Manager of Bangladesh Bank Md Ahsan Ullah were also present at the meeting.