Trust Bank approves 12pc cash dividend
The Trust Bank Limited has approved 12 per cent cash dividend for the year 2005.The dividend was approved at the 7th annual general meeting of the bank in Dhaka Tuesday, says a press release. Lt Gen Moeen U Ahmed, chief of Army Staff and chairman of the bank, presided over the meeting. The bank earned Tk288 million operating profit in 2005 against Tk264.27 million in 2004. Total deposits of the bank stood at Tk12,705 million at the end of 2005 as against Tk9,315.18 million in 2004, while total loans and advances shot up to Tk9,738.32 million from Tk6,804.45 in the preceding year, the release added.
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