Corporate DisclosureCITYBANK
CITYBANK Corporate Disclosure — 17 October 2016
Announcement summary
- What happened
- CITYBANK published a corporate disclosure on 17 October 2016. Read the full announcement for details.
- Company
- City Bank PLC.
- Announcement published
Original announcement
The Company has informed that the Board of Directors has decided to set up a new subsidiary Company in Hong Kong and obtain money lender license. This is subject to approval from Bangladesh Bank and regulator in Hong Kong. City Bank Ltd. will inject share Capital of HKD 6,000,000.00 (HKD 1= BDT 10 approx.). The Bank will primarily focus in trade related business namely bill discounting and LC advising.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf2d5a6b00004006117f
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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