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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).
By Republica

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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