Kathmandu, Jan. 21
Nepal Investment Bank
Limited (NIBL)’s 34th Annual General Meeting (AGM) has approved 18.5
per cent dividend – 13 per cent bonus shares and 5.5 per cent cash dividend -
on its total paid-up capital.
Chairman of the bank
Prithivi Bahadur Pande, informed the virtually held AGM on Thursday decided about
the dividend, the bank said in a statement.
In the last fiscal
year 2019/20, the bank earned Rs. 2.42 billion net profit.
It has paid-up capital of Rs. 14.24 billion. The
deposits increased to Rs. 166 billion from the previous year’s total Rs. 152 billion.
Similarly, total lending reached Rs. 141 billion compared to previous year’s
Rs.127 billion.
The bank has 83 branches, 128 ATMs, 20 extension
counters, 10 revenue collection counters and 59 branchless banking counters.
Published in The Rising Nepal daily on 22 January 2021.
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