Southeast Bank announces 10% dividends

Southeast Bank Ltd announced 10 per cent dividends, including 6 per cent cash dividend, for the year that ended on December 31, 2022.

The dividends were approved by the shareholders at the bank's 28th annual general meeting held virtually yesterday, said a press release.

The bank raked in an operating profit of Tk 1,042.99 crore in 2022.

The lender's total deposits amounted to Tk 37,114.34 crore and its total assets reached Tk 49,309.28 crore as on December 31, 2022.

The earnings per share was Tk 1.42, and net asset value per share was Tk 24.87, while the price earnings ratio of the bank was 9.02 times in 2022.

Alamgir Kabir, chairman of the bank, presided over the meeting, while Duluma Ahmed, vice-chairperson, Jusna Ara Kashem, Rehana Rahman, Md Akikur Rahman, M Maniruz Zaman Khan, Nasir Uddin Ahmed, Md Rafiqul Islam, Anjuman Ara Shahid, directors, Syed Sajedul Karim and Mohammad Delwar Husain, independent directors, and Nuruddin Md Sadeque Hussain, managing director, were present.