Friday, December 30, 2022

CCBL to distribute 4.75 pc bonus shares

 Kathmandu, Dec. 29

Century Commercial Bank Limited (CCBL) has decided to distribute 4.75 per cent bonus shares and 0.25 per cent cash dividend (for tax purposes) from the paid-up capital of Rs. 9.55 billion.

The 12th Annual General Meeting of the bank held on Thursday in Kathmandu  approved the bank board's proposal to distribute the bonus shares and cash dividend.

The meeting also passed a special resolution regarding the acquisition of Century Commercial Bank Limited by Prabhu Bank Limited.

By the end of October of the current year, this bank has a total deposit of Rs. 97.29 billion and the loan amount is Rs. 87.45 billion. It has managed to earn Rs. 318.5 million net profit.

Published in The Rising Nepal daily on 30 December 2022. 

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