The New Nation - Internet Edition

The 9th Annual General Meeting of Standard Bank Ltd was held on July 28 at BDR Darbar Hall, Pilkhana, Dhaka. The Chairman of the Board of Directors Kazi Akramuddin Ahmed presided over the meeting. It was attended by Vice Chairman Alhaj Mohammad Shamsul Alam, Executive Committee (EC) Chairman of the Bank Kamal Mostafa Chowdhury, Directors Messers Shaikh Mesba Uddin and Sahazada Syed Nizamuddin Ahmed and Sponsors Muhammad Nurul Islam, Ferozur Rahman, Harun Rashid Chowdhury, Mohammed Abdul Aziz & Harun-or-Rashid, Managing Director (CC) S.A. Farooqui, DNID Md. Nazmus Salehin, External Auditor of the Bank and a large number of Shareholders were present on the occasion. The Company Secretary of the Bank Mr. A.F.M. Nizamul Islam Chowdhury conducted the meeting.

At the AGM, the Chairman Kazi Akramuddin Ahmed presented Annual Report 2007 of the Bank and Directors Reports. The Chairman congratulated the shareholders, attending guests and employees of the Bank with thanks for their active participation, commitment and invaluable contribution towards the overall growth and success of the Bank. He told that SME & Rural banking scheme has already been introduced for the help and development of the lower, middle and lower-middle class people of the country. He also said that measures have already been initiated for modernisation of the Bank and sought the help and co-operation of all the stakeholders for turning the Bank a modern, ideal and world class standard. He assured the shareholders for paying attractive dividend in future.

Many of the participant shareholders discussed on various issues as reflected in the balance sheet of the Bank in detail and offered their valuable suggestions for the growth of bank's income constraining expenses reasonably at lowest ebb and hailed the Management for the splendid performance of the year and approved all agenda including the balance sheet placed before the meeting. Mentionable that the AGM approved 12% stock dividend for the shareholders.