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The board of directors of Mercantile Bank Limited in a meeting recently recommended 25 per cent stock dividend for its shareholders for the year 2004.
The Bank's Chairman Md Abdul Jalil, MP presided over the meeting.
The recommendation for dividend will be placed for approval before the 6th annual general meeting (AGM) of the Bank scheduled to be held 14 May next.
Financial statement of the Bank for the year 2004 was also signed at the meeting.
Members of the board of directors Md Anwarul Haque, Golam Faruk Ahmed, Md Aman Ullah, Md Selim, Md Nasiruddin Chowdhury, Morshed Alam, S M Abdul Mannan and Saber Hossain Chowdhury, Additional Managing Director M Nurul Islam, Deputy Managing Director AKM Shahidul Haque and other high officials were present.
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