The bank called out its 12th AGM on June 27 in Nepal Police Club, Bhrikutimandap, Kathmandu at 11:00 AM.
The meeting will endorse a proposal of acquiring Western Development Bank with a swap ratio of 1:1. Moreover, the meeting will endorse a proposal of distributing 5.5 percent stock dividend to its shareholders.
Similarly, the AGM will delegate authority to BOD to forward merger or acquisition process with other BFIs or bring in a foreign strategic partner.
Meanwhile, Western Development Bank has also called out its AGM on the same day in Hotel City Dang.
