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Published On: October 24, 2016 09:01 PM NPT By: Republica

NB Bank to give 32 percent bonus shares

NB Bank to give 32 percent bonus shares

KATHMANDU, Oct 24: The 22nd Annual General Meeting (AGM) of Nepal Bangladesh Bank Ltd (NB Bank) has approved 32 percent bonus shares and 1.6 percent cash dividend (for tax purpose).

According to a press release, the AGM has also approved a proposal to launch 10:8 rights issue -- after the bonus shares are distributed -- to increase the bank's total paid-up capital to Rs 7.22 billion.

The bank is planning to increase its paid-up capital to Rs 10 billion, according to the release.

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