Nabil Bank Successfully Passes Special Resolutions for Issuance of Non-cumulative Preference Shares

Nabil Bank's special general meeting, chaired by Upendra Prasad Paudel, approved the issuance of Rs. 5 Arba worth of Irredeemable Non-cumulative Preference Shares.

This decision aims to bolster the bank’s capital base to support business growth and manage risks.

The shares, which do not carry voting rights, will be offered to institutional investors and are a first for the Nepalese market.

Paudel expressed gratitude for the support from stakeholders and highlighted the bank's commitment to modernizing Nepal's banking sector, enhancing commercial and industrial activities, and contributing to the country's economy and social responsibilities. Nabil Bank, with 268 branches and 316 ATMs, continues to prioritize digital banking and customer satisfaction.