SBL to give bonus and right share

The 110th BOD meeting of Siddhartha Bank Ltd. held on 27th November 2008 (2065 Mangshir 12) has proposed to give 15% bonus share from the profit of 2064/65. Furthermore, it has decided to issue 2:1 right share in the near future. Both these proposals are to be approved from NRB and its AGM. After the issuance of bonus and right shares, the paid up capital of the bank will reach to Rs. 1.4283 billion. Meanwhile, the bank has plans of extending 10 more branches within a year.