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Muktinath Bikas Bank has announced that it will issue 8.5 percent unredeemed unreserved preference shares. The 18th annual general meeting of the bank held in Pokhara on Monday took the decision.
Under the chairmanship of the bank's board chairman Bharatraj Dhakal, the meeting approved the proposal to issue Muktinath Avimochya Anchitta Preference Shares worth 1 billion rupees at the rate of 100 rupees per share. Also, the assembly has passed the annual report for the financial year 2080/81.
