Last day to secure dividend of Excel Development Bank

Mar 10, 2019 Merolagani

Today is the last day to secure dividend of Excel Development Bank (EDBL). The bank is closing its book on March 11 for its upcoming AGM, thus, the shareholders registered in its book till March 10 will be eligible to attend the AGM and obtain the announced dividend.

The bank is conducting its AGM on March 25 in |Hotel Holiday Home, Birtamod, Jhapa at 10:00 AM. The meeting will endorse a proposal of distributing 17 percent cash dividend to its shareholders.

Moreover, the meeting is scheduled to endorse a proposal of issuing 55 percent right shares in a bid to meet the minimum paid-up capital as per NRB directive.

After the right issue, the paid-up capital of the bank will reach Rs 1.08 billion.

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