8th Annual General Meeting (AGM) of ShimantoBank PLC was held at Shahid Captain Ashraf Hall at HQ BGB, Peelkhana on Tuesday, says a press release.
The Meeting was presided over by the Director General of Border Guard Bangladesh and Chairman of the Bank Maj Gen Mohammad Ashrafuzzaman Siddiqui.
Stock Dividend was approved in the AGM for shareholders. Directors Report, Auditors Report were also approved. Directors were elected and Auditor was appointed in this General Meeting.
Shareholders approved proposal for appointment of veteran banker Ahmed Kamal Khan Chowdhury as Independent Director.
Chairman Maj Gen Mohammad Ashrafuzzaman Siddiqui, in his speech stated, "Shimanto Bank started its journey with the purpose of delivering banking services to the masses across the country. We are advancing towards achieving this goal.
Customer satisfaction is our highest priority by ensuring service quality and excellence.
We
e advancing very carefully by justifying the quality of loans and investments for ensuring growth. Progress of banks overall financial indicators is being achieved.
Corporate governance is established. Its being reflected in the assessments of regulators including Bangladesh Bank." The Chairman expressed a plan regarding floating of shares for public through IPO for investment in the bank soon.
Rafiqul Islam, Managing Director and CEO of the Bank said, "Weve already increased our Paid up Capital from BDT 400 crore to BDT 500 crore. In future, our service network and service scope both will be expanded.
Emphasis will be givenfor spreading branches and sub-branches countrywide.
More initiatives will be taken to increase assets of the Bank by taking calculated moderate risks. Hope that we can reach our goals through coordinated efforts of the Banks Board and Management."
Shareholders, Directors, Senior Officials of BGB, Senior Officials and other Stakeholder of the Bank were present in the AGM. The Meeting was moderated by Hossain Suman FCS, Company Secretary of the Bank.
