Janata Bank convenes its 9th AGM; endorses 8.50% cash dividends for its shareholders and opens way to function as stock broker in near future

Janata Bank has successfully concluded its 9th AGM on Poush 29, 2075 in Kathmandu under the leadership of bank’s Chairman Mr. Keshav Bahadur Rayamajhi. The AGM has endorsed the board’s proposal to provide 8.50 % cash dividend to its shareholders from the net profit it had earned in the previous fiscal year.

The AGM also endorsed the decision to make amendment in the bank’s memorandum to function in near future as a stock broker as per the spirit of recently circulated by Central Bank. In addition, it also appointed SAR Associates Charter Accountant as the external Auditor for the company.

The bank currently provides its services from 129 branches, 79 ATM outlets, and 50 branchless banking units.