Dutch-Bangla Bank holds 5th EGM

The EGM was presided over bySadiaRayen Ahmed, Chairman of the Board of Directors of the Bank. At the outset of the meeting, the Chairman welcomed the honorable shareholders to the EGM, says a press release.

In the presence of the honorable shareholders, among others, it was resolved that the Authorized Capital of the Bank be increased from Tk15,000 million to Tk 35,000 million. The existing authorized capital of the Bank is divided into 1,500 million ordinary shares of Tk10 each. 

Upon the increase, the authorized capital will be divided into 3,500 million ordinary shares of Tk10 each. In this connection, the shareholders also approved the amendments to the Memorandum and Articles of Association of the Bank at the EGM.

The other Members of the Board of Directors, and the Managing Director and CEO of the Bank were also present in the EGM.