FROM PAGE B1

Rupali Bank has already sent letters to the Ministry of Finance on November 8 for approval of the issuance of shares but the approval has not yet been received in this regard.

Last week, the bank declared 2 per cent stock dividend for shareholders for 2021. Its earnings per share stood at Tk 1.10 in the year whereas it was Tk 0.45 in the previous year.

Giving out the bonus shares, the directors recommended strengthening the capital base of the bank to support business growth and maintain a CRAR as per Bangladesh Bank guidelines, said the bank.

Its paid-up capital was Tk 455 crore while its reserve and surpluses Tk 690 crore, according to DSE data.

Stocks of Rupali Bank closed 1.10 per cent higher at Tk 27.50 at the DSE yesterday.