AB Bank to Raise Authorised Capital

The board of directors of AB Bank Limited has resolved that the authorised capital of the bank be increased to Tk 6.0 billion divided into 60 million ordinary shares of Tk 100 each from the exiting Tk 3.0 billion subject to the approval from Bangladesh Bank and other regulatory authorities. The board has also approved necessary amendments to relevant clauses/articles of the Memorandum and Articles of Association of the Bank.