NB Bank, Civil Bank shares dematerialized

ShareSansar, July 17

Nepal Bangladesh Bank and Civil Bank have got their shares dematerialized on July 16.

An agreement for dematerialization was signed between CDS and Clearing CEO Subodh Sharma Sigdel and NB Bank CEO Gyanendra Prasad Dhungana and Civil Bank CEO Kishore Maharjan.

Following the agreement, NB Bank’s 2 crore 1 lakh 10000 unit shares and Civil Bank’s 2 crore unit shares have been dematerialized.

While Nepal Bangladesh Bank had applied for dematerialization of its shares on Poush 26 last year, Civil Bank had applied on Falgun 4.

The number of companies that have dematerialized their shares has now reached 14.

Meanwhile, CDSC has accepted NMB Capital as a depository participant on Shrawan 1. The CDSC now has 9 depository participants.

CDSC was established to facilitate online trading in dematerialized shares with a view to simplify the trading process and reduce the time frame in which transactions were cleared and settled.