NBL to raise Tk 5.0 billion

National Bank Ltd. (NBL), a first generation private commercial bank, will raise Tk 5.0 billion issuing subordinated bond to strengthen its capital base.

The company's board of director has taken the decision of raising capital in a board meeting held recently, according to a disclosure.

It said the capital will be raised to comply with capital requirement under BASEL-III subject to approval of the regulatory authorities.

The NBL, presently a 'B' category company, was listed with the Dhaka Stock Exchange in 1984.

The company's sponsor-directors hold 28.48 per cent shares, institutes 23.94 per cent, foreigners 0.83 per cent and general shareholders 46.75 per cent as on April 30, 2022.

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