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Prime Bank recommends 12.50 percent dividend

Banking Desk

The Board of Directors of Prime Bank on Wednesday recommended 12.50 percent cash dividend for the year ending on December 31, 2013.

The Board has also decided to issue “Prime Bank Subordinated Bond-2″ up to Tk. 2,500.00 million for raising Tier-II Capital subject to approval of the Regulatory Authorities, according to DSE website.

The Annual General Meeting of the company will be held on March 30, 2014 at 3:00 PM at Ruposhi Bangla Hotel in the capital.

The Record date is 13.03.2014. The Company has also reported Consolidated EPS of Tk. 1.98, Consolidated NAV per share of Tk. 22.69 and Consolidated NOCFPS of Tk. 2.41 for the year ended on December 31, 2013.

Meanwhile, the Board of Directors of Union Capital Limited recommended 10 percent stock dividend for the year ending on December 31, 2013. The Annual General Meeting of the company will be held on March 31, 2014, at 10:30 AM at the LGED Auditorium (First Floor) in city’s Agargaon.

The Record date is 13.03.2014. The Company has also reported consolidated net profit after tax of Tk. 141.76 million, consolidated EPS of Tk. 1.29, consolidated NAV per share of Tk. 18.29 and consolidated NOCFPS of Tk. 3.13 for the year ended on December 31, 2013 as against Tk. 56.72 million, Tk. 0.52 (restated), Tk. 17.00 (restated) and Tk. 3.17 (restated) respectively for the year ended on December 31,

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