NMB Bank convenes 26th Annual General Meeting

NMB Bank has convened its 26th Annual General Meeting on Thursday, December 7.

The 428th meeting of the Board of Directors of the bank held on November 29 convened the 26th annual general meeting.The main agenda of the meeting is to approve 12.50 percent bonus and 3.30 percent cash dividend of 15.80 percent of the proposed paid up capital from the Board of Directors.

At present, the paid up capital of the bank is Rs. 16.32 billion 59.60 million 852. After the proposed bonus distribution of Rs 2.47 billion, the bank’s paid up capital will reach Rs 18.36 billion.At the same meeting, to increase the issued and paid up capital of the bank, to amend the management letter and rules, if any suggestion is made by the regulatory body to authorize the Board of Directors to make necessary modifications accordingly, appointment of auditor and determination of remuneration and last year’s profit and loss account.