Nabil Bank Celebrates 40th AGM with 10% Cash Dividend Endorsement, Strong Profit Growth

Nabil Bank Limited endorsed a 10 percent cash dividend at its 40th Annual General Meeting, held under the chairmanship of Upendra Prasad Paudel.

The dividend, approved after the board’s recommendation and Nepal Rastra Bank’s approval, will be distributed from the accumulated profits of the financial year 2080/81. In this year, the bank earned a net profit of 6.2 billion rupees, with significant growth in deposits (16.41%) and loans (13.65%).

The bank’s balance sheet grew by 15.76% to reach 5.07 trillion rupees. Additionally, Ananta Poudyal and Pravin Tibrewala were elected unopposed as board directors. Chairman Paudel emphasized the bank’s focus on modernization, corporate governance, and customer satisfaction.

Nabil Bank's equity growth has significantly benefited shareholders, with its market reputation remaining strong. The bank received multiple national and international awards, including recognition for being the highest taxpayer.

Nabil provides services through 268 branches and 320 ATMs, serving over 2.4 million customers. The bank also introduced NBank for digital banking and expressed gratitude to all stakeholders for their support.