Bangladesh-based National Credit & Commerce Bank Ltd. raised its cash dividend for the year ended Dec. 31, 2016.

The bank said June 1 that it proposed a cash dividend of 1.6 Bangladeshi taka per share for full year 2016, up from 1.275 taka per share in the year-ago period.

The dividend is subject to shareholder approval.

As of June 1, US$1 was equivalent to 80.60 Bangladeshi taka.