The 26th annual general meeting (AGM) of Pubali Bank Limited was held at Pubali Bank auditorium in the city Thursday.

Pubali Bank Chairman Hafiz Ahmed Mazumder MP presided over the meeting, says a press release.

The AGM approved 03 (three) bonus shares for every 10 (ten) ordinary shares as dividend for Pubali Bank shareholders for the year 2008.

Directors Moniruddin Ahmed, Sheikh Wahidur Rahman, Giasuddin Ahmed, Monzurur Rahman, Syed Moazzem Hussain, Ahmed Shafi Chowdhury, Habibur Rahman, Fahim Ahmed Faruk Chowdhury, Mohammad Yakub, M Faizur Rahman, Romana Sharif, Mostafa Ahmed, Managing Director Helal Ahmed Chowdhury, CFO Sayeed Ahmed, Company Secretary Md Sayeed Sikder and other senior executives also attended the meeting.

Established by Bangali entrepreneurs in 1959, the bank started its journey as the first commercial bank as Eastern Mercantile Bank.

On the eve of celebrating its 50 glorious years, the chairman said the bank has achieved top ranking position with the combined effort of depositors, shareholders and all staff and officers.

He expressed hope that the bank would play a significant role in socio-economic development of the country in near future.

A huge number of shareholders actively participated in the discussion about the overall performance of the bank at the AGM.

The managing director answered to the questions from the shareholders.