Bank of Kathmandu to auction 61.58 lakh units promoter shares

Securities Board of Nepal (SEBON) has approved sale of 6,158,067 units of Bank of Kathmandu promoter shares through auction.  Nabil Investment Banking Limited has been assigned as the issue manager for the auction of promoter shares. Issuing a press statement published today, the bank said that, formal public notice to this effect will be published soon. During the last fiscal year 2073/74, the bank has earned net profit of Rs.1.24 Billion. It has collected total deposit of Rs.72.13 billion and extended loan of Rs.62.54 billion. The bank is currently providing its services through 75 branches, 66 ATMs and 7 Extension counters.