Kathmandu, Dec. 18
Nepal
Bank Limited has decided to distribute 14 per cent bonus shares and 3 per cent
cash dividend to its share holders.
The
62nd Annual General Meeting of the bank the other day unanimously
passed the proposal of the company to distribute Rs. Rs. 379.1 million in cash
dividend (equal to 3 per cent of the paid-up capital Rs. 12.63 billion) and
bonus shares worth Rs. 1.76 billion.
After
the distribution of the bonus shares, the paid-up capital of the bank will be
Rs. 14.40 billion.
The
meeting was organised in hybrid format – physical and virtual. Speaking on the
occasion, Chairman of the Board of Directors of the Bank, Suman Raj Aryal, said
that the bank would incorporate the suggestions from its shareholders to
company operations.
Published in The Rising Nepal daily on 19 December 2021.
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