Mercantile Bank okays 12% dividends

Mercantile Bank shareholders approved 10 per cent cash and 2 per cent bonus dividends for 2022. 

The bank has also reported consolidated earnings per share of Tk 2.17 and net operating cash flow per share of Tk 4.73.

The information was revealed at the bank's 24th annual general meeting (AGM) held virtually yesterday, said a press release.

Morshed Alam, chairman of the bank, presided over the meeting, which was also attended by ASM Feroz Alam and Md Abdul Hannan, vice-chairmen, Md Quamrul Islam Chowdhury, managing director and CEO, and directors and other senior officials.