NMB Bank concludes its 26th AGM; endorses 15.8%dividend for its shareholders

NMB Bank has held its 26th Annual General Meeting (AGM) today (January 6, 2022) at Army Officer’s Club, Kathmandu. The AGM was held under the chairmanship of Mr. Pawan Kumar Golyan.

The AGM approved the proposal to distribute 12.5% bonus shares and 3.3% cash dividend on the current paid-up capital of the bank. The bank has earned Rs 2.71 billion net profit, collected more than Rs 166.45 billion deposits, and invested over Rs158.04 billion loans till Ashadh 2078. It has been informed that the Bank’s paid-up capital will be 18.37 Billion after the distribution of bonus shares.

In recognition of its continued commitment towards sustainable banking practices, digitization, and corporate governance, The Financial Times, London awarded NMB Bank with the prestigious Bank of the Year 2021, Asia award - the first Bank in Nepal to win such an award. The bank took this opportunity to thank all the shareholders for their continuous support and trust towards the bank.

NMB Bank is currently providing its services through 201 branches, 138 ATMs, and 9 extension counters.