Dhaka, Bangladesh (BBN)- The shareholders of National Credit and Commerce Bank Limited in its 7th Extra-ordinary General Meeting (EGM) on Monday approved change of denomination of face value from BDT 100 to BDT 10 each with market lot thereof from 50 to 250 (two hundred fifty) subject to the approval of Bangladesh Bank and Securities and Exchange Commission (SEC).
The shareholders in the EGM also approved the proposal to increase the authorized capital from BDT 5.0 billion to BDT 10.0 billion.
Chairman of the Bank, Yakub Ali Montu presided over the EGM while Vice Chairman Harunur Rashid MP, Members of the Board of Directors, Managing Director Mohammed Nurul Amin and a huge number of shareholders of the bank were present in the meeting.
Some shareholders spoke on the occasion and made various suggestions for continued growth and better performance of the bank in the coming years.
BBN/SI/AD-31Aug10-11:42 am (BST)