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.

 
• 22nd annual general meeting
 
• nepal bangladesh bank ltd
 
• 32 percent bonus shares
 
• 1.6 percent cash dividend