DHAKA: United Commercial Bank Ltd (UCB) held its Extra-Ordinary General Meeting and the 25th, 26th and 27th Annual General Meetings (AGMs) for the years 2008, 09 and 2010 at a city hotel on Sunday.

UCB Chairman MA Hashem presided over the meeting, said a press release.

In the AGM, the Board has approved 50 percent stock dividend for the financial year 2007, 25 percent for 2008 and 30 percent for 2009 on cumulative basis.

With the approval, the Bank`s paid-up capital stood at TK 2.99 billion.

Prior to the aforesaid AGMs, the shareholders approved the authorized capital of the Bank from Tk 2 billion to Tk 8 billion, face value at Tk 10 from TK 100 and lot size from 5 shares to 50 shares.

Bank’s Vice Chairman Kazi Enamul Haque, Executive Committee Yunus Ahmed, Chairman of Audit Committee Mohammad Jahangir Alam Khan and member of the Board of Directors Akhtaruzzaman Chowdhury MP and senior executives as well as large number of shareholders were also present in the AGMs.

BDST: 1130 HRS, SEP 20,2010