Kathmandu. The proposed dividend of Nepal Bangladesh Bank has been passed. The bank's 26th annual general meeting held on January 10 passed the 8.42 percent dividend proposal of the bank's board of directors.

As soon as the meeting passed, the shareholders will get 2.42 percent of the paid up capital (including tax on bonus shares and cash dividends) from the profits of the Fiscal Year 2076/07, including cash dividend and 8.42 percent dividend at the rate of 6 percent. The meeting also unanimously passed a proposal to amend the management letter to increase the authorized capital to Rs 15 billion and to make timely amendments as per the issuance of bonus shares in the issued and paid-up capital.