The bank is scheduled to endorse a proposal of distributing 5 percent stock and 7 percent cash dividend to its shareholders. Presently, the bank has a paid-up capital of Rs 8.08 billion that will reach Rs 8.49 billion after the bonus share distribution.
Moreover, the meeting will also delegate authority to BOD to forward merger/acquisition with suitable partners.
In this regard, the bank is closing its book on December 12 thus, the shareholders registered in its book till December 11 will be eligible to attend the AGM and obtain the announced dividend.
