Dutch-Bangla Bank to increase authorised capital to Tk3,500 crore
At its fifth extraordinary general meeting (EGM), Dutch-Bangla Bank PLC shareholders approved increasing the bank's authorised capital from Tk1,500 crore to Tk3,500 crore.
According to the press release, the meeting was held digitally yesterday (15 October), with Sadia Rayen Ahmed, chairman of the bank's board of directors, presiding.
The bank's existing authorised capital is divided into 1,500 million ordinary shares of Tk10 each, and following the increase, it will comprise 3,500 million ordinary shares of Tk10 each.
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Shareholders also approved amendments to the bank's Memorandum and Articles of Association to reflect the increase.
The bank's managing director and CEO, along with other board members, attended the meeting.
At the outset, Sadia Rayen Ahmed welcomed shareholders and thanked them for their participation and contribution to the meeting's success.
