Nabil bank to distribute 38 per cent dividend

Kathmandu, Jan. 14

The 37^th Annual General Meeting of Nabil Bank Limited has ratified the company's resolution to distribute 38 per cent dividend (33.6 per cent bonus shares and 4.4 per cent cash dividend) from the profits of Fiscal Year 2021/22.

It has earned the highest profit among private sector banks - Rs. 4.53 billion. The bank has earned 15.19 per cent returns on its wealth and earnings per share is Rs. 33.57. With this, the balanced sheet of the bank has reached Rs. 291 billion.

After the proposed bonus share from the profits of the last fiscal year, the bank's capital has increased to Rs. 18.49 billion.

Chairman of the bank, Upendra Poudel said that the bank has got success in modernising Nepal's banking sector, giving impetus to business and industrial activities in the country, and creating employment opportunities in the country.

According to him, the bank is focused on maintaining a good and reliable bank and has given high priority to institutional good governance and customer satisfaction.

Meanwhile, the meeting of the Board of Directors of the bank on Friday re-elected Prasad as the chairman of the Board of Directors. He represents NB (International) on the BoD.

Nabil Bank has 135 branches, 187 ATMs and more than 1500 Nabil remittance agents nationwide.

Published in The Rising Nepal daily on 15 January 2022.