Civil Bank Roll Sleeves Up for Merger

Jan 14, 2022 03:58 PM Merolagani

Civil Bank (CBL)  has approved a proposal of distributing 5 percent stock and 0.26 percent cash dividend to its shareholders through its AGM held on January 14.

Similarly, the bank has rolled sleeves up for merger/acquisition with suitable partners as the AGM delegated authority to BOD for the same. Moreover, the bank is also seeking to appoint domestic or foreign strategic partners.

 

 

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