The New Nation - Internet Edition

BUSINESS REPORT

ONE Bank Limited held its 2nd Extra-ordinary General Meeting (EGM) and 9th Annual General Meeting (AGM) on June 24 last at the Officers' Club, Dhaka.

The EGM approved to raise bank's authorised capital to Tk 415 crore from Tk 120 crore.

Earlier, Bangladesh Bank accorded its no objection to raise the authorised capital of the bank to Tk 415 crore.

Sayeed Hossain Chowdhury, outgoing chairman of ONE Bank Limited presided over the 9th Annual General Meeting of the bank.

Among others, Zahur Ullah, First Vice Chairman, Hefazatur Rahman, Second Vice Chairman and Farman R Chowdhury, Managing Director were present.

In the AGM, six sponsor-directors including the chairman and two vice chairmen retired after successful completion of their terms in the board as per Bangladesh Bank BRPD Circular No. 11, dated November 5, 2007 (Ref: Bank Company (amended) Ordinance, 2007 (22nd Ordinance of 2007) dated October 8, 2007).

The AGM approved 25 per cent stock dividend for the year ended on December 31, 2007 for the shareholders.

Ms Salma Zahur, Messrs Mostafa Paper Products Limited (Nominee: Jahir Uddin) and Anirban Das Gupta were elected uncontested as Directors.

The newly formed Board of Directors in the 126th meeting of the Board of Directors held on June 24 elected ASM Shahidullah Khan as Chairman and Ms Salma Zahur as the Vice Chairperson of the Board of Directors.