Monday, 15th July, 2024
Monday, 15th July, 2024
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7th EGM of ONE Bank held

Chairman of the Board of Directors of the bank A.S.M Shahidullah Khan chaired the EGM. Chairman of Executive Committee Zahur Ullah was also present.

General shareholders as well as members of the Board of Directors joined the EGM by login giving their appropriate identities.

The EGM approved  Conversion of Perpetual Bond (for Tk 4,000 million) into common equity if the bank’s consolidated CET-1 falls below Bangladesh Bank’s requirement of 4.50% and stays below that level for 3(three) consecutive quarters for the amount required to make up the shortfall.

Bangladesh Bank issued NOC with an additional condition to incorporate the aforesaid loss absorption clause.

The condition required approval of the shareholders of ONE Bank Limited. Directors Kazi Rukunuddin Ahmed and Syed Nurul Amin joined the EGM by using digital platform from Chattogram.

Managing Director M. Fakhrul Alam, Company Secretary John Sarkar along with senior executives of the bank were present in the meeting.

Besides a large number of shareholders participated by using digital platform.

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