A special general meeting of The City Bank Limited was held on Tuesday (November 18) via a virtual platform. The special general meeting was presided over by the President of the Bank Aziz Al Qaiser.
In his welcoming speech, Bank Chairman Aziz Al Qaiser said: In the third quarter of this year, we announced consolidated after-tax profit of Tk 307 crore, an 18% increase over the same period last year. Much more than the tax profits after the last year. He explained the need for permanent bonds convertible from stocks. He also nominated Rebecca Brosnan on the Banking Board of the International Finance Corporation.
At a special general meeting, subject to regulatory approval, respected shareholders approve convertible permanent bonds subject to terms of Rs 400 crore.
Bank Vice President Hossain Khaled, Director Tabassum Kaiser, Hossain Mehmood, Rafiqul Islam Khan, Syeda Shairin Aziz, Savera H Mahmud, Rebecca Brosnan, Independent Director Farooq Sobhan, Dr. Selim Mahmood, Managing Director and CEO Masroor Arefin, and many shareholders participated through a virtual platform.