Excel Development Bank Forwards Process of Issuing 50% right Issue

Jun 25, 2017 Merolagani


Excel Development Bank (EBL) has forwarded the process of issuing 50 percent right issue. The bank has asked for permission with SEBON for the issuance.


The bank is issuing 2:1 i.e. 1,922,812.50 units of right shares with a face value of Rs 100 to its existing shareholders.

Presently, the bank has paid-up capital of Rs 384.056 million which will reach to Rs 576,843 million after the right share issuance.

According to the NRB directive, BFIs operating in one-three districts must maintain paid-up capital of Rs 500 million. The bank, headquartered at Birtamod, Jhapa has earned Rs 117 million net profit by the third quarter of the current FY. It has earning per share (EPS) of Rs 40.58.


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