Century Commercial Bank’s 6th AGM endorses 10% bonus & 40% right share

Century Commercial Bank Limited (CCBL) has successfully conducted its 6^th Annual General Meeting (AGM) on Chaitra 31, 2073 at Academy Hall, Kamaladi. The AGM has endorsed 10% bonus share to its shareholders from the profits it earned in the FY 2072/73. The AGM has also endorsed acquisition of Innovative Development Bank and Araniko Development Bank and a further 40% right share after acquisition of both companies. After the acquisition, CCBL will be able to add Rs 2 arba to its paid up capital. CCBL will be able to increase its capital to Rs 8 arba after issuance of 40% right share and dividend from the profits of the ongoing fiscal year. After the acquisition, the total number of branches of the bank will reach to 90.