Saptakoshi Development Bank concludes its AGM; endorses 8% dividend for its shareholders
Sun, Jan 13, 2019 12:40 PM on AGM/Special AGM, External Media, Latest,
Saptakoshi Development Bank has successfully concluded its 6th AGM on Poush 26, 2075 in Biratnagar. The AGM has endorsed the board’s proposal to provide 3% bonus shares and 5% cash dividend to its shareholders from the distributable profit it had made in the previous fiscal year. Chairman of the development bank Mr. Taranath Niraula presented the financial highlights and reports of the development bank in the AGM.
The AGM has also provided authority to the board to carry forward any activity of merger / acquisition with other BFIs, as mentioned in the media statement.
The development bank currently provides its services from 16 branches including its corporate office.
