Dashen Shareholders Vote to Raise Capital to 12b Br

Nov 20 , 2021

Dashen Bank is moving to raise its paid-up capital to 12 billion Br following a shareholders' vote during the Bank's 25th annual general assembly held at Mechare Meda last week. Dashen recorded a paid-up capital of 5.4 billion Br in July 2021, exceeding the central bank's updated minimum threshold of five billion Br. The Bank also announced 2.4 billion Br in profits before tax over the past fiscal year. Dashen was founded in the late '90s by 11 shareholders, and that number has risen to over 2,000. The Bank serves over three million customers at over 420 branches across the country.