The New Nation - Internet Edition

BUSINESS REPORT

Uttara Bank Limited increased the authorised capital from Tk 100 crore to Tk160 crore in its Extraordinary General Meeting (EGM) held at the Officers Club, Dhaka on Thursday.

The bank also declared 100% stock dividend for the year-2007 in its 25th Annual General Meeting held on the same day and at the same venue.

Azharul Islam, Chairman of the Board of Directors of the bank presided over both the meetings.

The house also passed the Annual Report 2007 along with profit and loss account. Col (Retd) Engr MS Kamal, Major General (Retd) Prof MA Mohaiemen, Dr Md Rezaul Karim Mazumder and Mirza Naim Uddin were elected directors of the bank uncontested.