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Bank & Insurance

NRBC issues subordinated bond of Tk 500 cr


Published : 11 Jun 2021 09:07 PM

Board of Directors of NRB Commercial Bank Limited in its 122nd meeting decided to issue Non-convertible unsecured coupon bearing Subordinated Bond as Tier II Capital amounting to Tk 500.00 Crore subject to the approval of concerned regulatory authorities and compliances of all applicable laws and regulations.

The meeting was held on Thursday on virtual platform.

The decision has been taken unanimously to continue subsequent growth of NRBC Bank and present microcredit program and credit programs all over the country under taken by the bank.