Banks will be allowed to declare a maximum of 35 percent dividend instead of 30 percent for shareholders.

The decision has been taken at a meeting between the Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC) at BSEC Bhaban in the city, said a press release.

As per the press release, the dividend limit of listed banks will be increased and banks will be able to pay a maximum of 35 percent dividend instead of 30 percent.

To this end, BB will take necessary steps, the release added.

According to the earlier circular issued by Bangladesh Bank, a bank could declare a maximum dividend of 30 percent.

Of this, 15 percent was cash and 15 percent bonus dividend.