Kathmandu, Nov. 26
The fourth Annual General Meeting of the Nepal
Infrastructure Bank Limited (Nifra) has approved the cash dividend (including
tax) of Rs. 909.4 million - 4.21 per cent of its Rs. 21.6 billion paid-up
capital.
By the end of the Fiscal Year 2021/22, the bank has approved
loans of Rs. 32.89 billion and mobilised
Rs. 15.58 billion in various development projects. It earned Rs. 1.2 billion
net profit last year.
The AGM held on Saturday in Kathmandu was chaired by
Anuj Agrawal, Chairman of the Bank Board of Directors while members of the
boards Kedarnath Sharma, Chandra Prasad Dhakal, Lalmani Joshi, Shankar Prasad
Adhikari, Suman Pokharel, Lima Adhikari Acharya and the bank's chief executive
officer, Ramakrishna Khatiwada were present.
Nifra was established with the objective of increasing
access to investment in infrastructure projects in the country by collecting
long-term resources from domestic and foreign financial markets.
Published in The Rising Nepal daily on 27 November 2022.
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