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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