Nepal Bangladesh Bank 21st AGM on Mangsir 9; to approve 25% stock dividend

Nepal Bangladesh Bank Limited (NBB) will be convening its 21st Annual General Meeting (AGM) on Mangsir 9, 2072 at 11:00 AM . The AGM will be held at Nepal Pragya Pratisthan, Kamaladi, Kathmandu. Main agendas of the AGM are:

• To endorse 25 percent bonus share and 1.32 cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72. After the issuance of bonus share paid up capital and issued capital will rise from the existing capital and to amend article of association accordingly.
• Authorize BOD to initiate acquisition/ merger/ takeover process with other financial institutions.
• To amend the by laws regarding tenure of Board of Director (BOD) and Chief Executive Officer(CEO).
• To authorize BOD to amend the article of association and memorandum of association as directed by regulating authorities.

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor and endorse the help provided to earthquake victims, Only those shareholders owning shares till Kartik 19 will be entitled to the dividend of the company. The register of their shareholders will remain close from Kartik 20, 2072 till Mangsir 9, 2072 for the purpose of its upcoming (AGM). At present NBB has a paid up capital of Rs2.43 arba. After the issuance of 25 percent bonus share its paid up capital will reach to Rs 3.03 arba.