The bank is revising the ratio as per the directive of NRB to maintain promoter and ordinary shareholders ratio at 51:49 from the existing 53.34:46.66.
The bank informed that it will take permission for the conversion of promoter shares to ordinary shares from NRB and related regulatory departments and amend its article of association and memorandum of association as per the changes.
Those promoters who are not interested to convert the shares must submit a self-declaration statement to the bank within 35 days.
