Pics: Jerry Concessao, Derebail
Media Release
Mangaluru, Aug 1: Mangalore Catholic Co-operative (MCC) Bank Limited convened its ninety-eighth Annual General Meeting (AGM) at St Sebastian Platinum Jubilee Hall, Bendur on Sunday July 31.
MCC Bank chairman Francis Coutinho in his presidential address said, “The Bank has earned a net profit of Rs 175.82 lac, with the total deposit of Rs 28931.51 lac, total reserves of Rs. 2763.77 lac, advances of Rs. 15889.08 lac, working capital of Rs. 33301.27 lac and share capital of Rs. 892.65 lac”.
Meanwhile, Francis Coutinho announced 10 percent dividend to the shareholders.
Further the financials of 2015-16, programme for the financial year 2016-17 and budget for the year 2016-17 was presented before the AGM and approved.
Vice chairman Alwyn Patrao read the minutes of last year Annual General Meeting.
Directors – D J Patrao, Jerald J D’Silva, Denis D’Souza, Andrew D’Souza, Melwyn C D’Souza, Anil Lobo, Kishore D’Silva, Marcel D’Souza, Raymond Monteiro, Severine Lobo, Archibald Menezes, Herald Fernandes, Stephen Pinto were present for the meeting.
General Manager in-charge Sunil Menezes compered and proposed vote of thanks.