The paid-up capital of state-owned Bangladesh Development Bank PLC (BDBL) has been raised to Tk 600 crore from Tk 400 crore.
On Wednesday, paper shares worth Tk 200 crore, equivalent to 2 crore shares, were officially handed over to Dr Md Khairuzzaman Mozumder, secretary of the Finance Division. The handover ceremony took place at the Bangladesh Secretariat.
Present at the event were the Chairman of the bank’s board Ahmed Ismet, Managing Director and CEO Md Jashim Uddin, and Company Secretary Kamal Uddin Ahmed Mollah.
This capital boost is expected to enhance the bank’s financial strength and its capacity to support national development initiatives.
