. The 20th Annual General Meeting (AGM) of Shangrila Development Bank Limited has been concluded today.

The AGM approved the proposal of distributing 3.6516 percent bonus shares worth Rs 3.43 billion and bonus shares worth Rs 125,284,417 and 0.1922 percent cash dividend of Rs 6.593 million for tax payment.

With the approval of the proposal, the paid-up capital of Shangrila Development Bank has reached Rs 3.55 billion.

The AGM also approved the proposal of appointment of auditor, amendment of memorandum of understanding and merger and acquisition of auditor along with financial details of FY 2080/81.

Shangrila Development Bank has been providing its services through 112 branches and 30 ATMs across the country.