Nabil Bank convenes its 38th AGM; endorses proposal of 30% dividend

Nabil Bank convened its 38^th AGM for the FY 2078-79 under the leadership of its chairman Mr. Upendra Prasad Paudel on Poush 29, 2079.

Apart from the regular financial reports, The AGM has endorsed the board’s proposal to provide 18.5% bonus shares and 11.5% cash dividends to its shareholders from the profit it had made in the previous fiscal year. After the bonus shares, the paid-up value of the bank will scale up to more than Rs 27 arba.

The AGM also elected Mr. Nirwan Chaudhari, Mr. Malaya Mukharji and Mr. ARM Najmus Sakib as directors from the promoter shareholder group, as per the media statement.

The bank had earned net profit of Rs 4.25 arba during the review period, as per the media statement.

The bank currently provides its services to its customers from its 240 branches, 275 ATM outlets, and 8 remit agents under its network.