Kathmandu, Jan. 13
Nabil
Bank Limited has decided to distribute 30 per cent dividend to its shareholders
from the profits of the last Fiscal Year 2021/22 and other distributable funds.
The
38th Annual General Meeting of the bank on Friday passed a
resolution to distribute 30 per cent dividend – 18.5 per cent bonus shares and
11.5 per cent cash dividend – to its shareholders, it said in a statement while
claiming that it gave the highest dividend among the class ‘A’ commercial banks
in the country.
The
AGM elected three directors Nirvana Chaudhary, Malay Mukherjee and A.R.M.
Najmus Shakib from the founding shareholders group.
Likewise,
the bank claimed that it earned the highest profit, Rs. 4.25 billion, among
private sector banks in the last fiscal. After the distribution of the bonus
shares proposed from the profit of the last year, the bank's paid-up capital would
exceed Rs. 27 billion.
Chairman
of the Board of the Directors of the bank Upendra Prasad Paudyal said that
Nabil Bank has succeeded in modernising Nepal's banking sector, providing
dynamism to the commercial and industrial activities of the country, and
playing the role of a helper in creating employment opportunities.
With
240 branches, 275 ATMs and 8 remit agents, Nabil Bank is confident of moving
forward with all its stakeholders by providing services nationwide and through
many agents around the world, said the bank.
Published in The Rising Nepal daily on 14 January 2022.
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