NRB Bank to go public

The NRB Bank has decided to raise approximately Tk 100 crore from the capital market through initial public offering (IPO) under the fixed price method. 

The fourth generation private bank has already appointed UCB Investment Limited (UCBIL) and Shahjalal Equity Management Limited (SEML) as its issue managers to supervise the listing process.

In this regard, the bank signed agreements with the issue managers at its headquarters in the capital’s Gulshan area on Monday, in presence of Mohammed Mahtabur Rahman, chairman of NRB Bank Limited.

Mamoon Mahmood Shah, managing director & CEO of NRB Bank Limited, Tanzim Alamgir, managing director & CEO of UCB Investment Limited, and Mohiuddin Mollah, managing director & CEO of Shahjalal Equity Management Limited signed the agreement on behalf of their respective organizations.

Vice Chairmen of NRB Bank Limited Tateyama Kabir and Mohammed Jamil Iqbal, Chairman of the Risk Management Committee of the Board of Shahjalal Bank Limited and Chief Advisor of Shahjalal Equity Management Limited Mohammed Younus, among others, were present at the signing ceremony.