Brac Bank gets central bank nod to raise authorised capital

Brac Bank Limited has received permission from the central bank to raise its authorised capital from Tk 2,000 crore to Tk 5,000 crore.

The private commercial lender made the disclosure in a filing on the Dhaka Stock Exchange today.

The authorised capital is the maximum amount of share capital that a company is allowed to issue to its shareholders as per its constitutional documents.