NMB Bank Board Approves Issuance of Perpetual Non-Cumulative Preference Shares

A significant decision to issue perpetual non-cumulative preference shares was made at the 473rd meeting of the NMB Bank Board of Directors, which took place on Friday, 2081/05/14, at 2:30 p.m.

The bank has decided to issue 3 Crore of these shares, at a face value of 100 rupees each, for a total of 3 Arba rupees. The dividend rate on these shares will be 8.25%.

The Nepal Rastra Bank and other relevant regulatory organizations must give their approval before these shares can be issued. If authorized, this action is anticipated to bolster the bank's capital structure and offer investors a desirable investment opportunity.