Nabil bank Limited Approves 15.80% Dividend at 42nd AGM

Nabil Bank Limited's 42nd Annual General Meeting has approved a total dividend of 15.80% for ordinary shareholders for the fiscal year 2082/83, including 5% bonus shares and 10.80% cash dividend.

The AGM, held on Thursday at Tribhuvan Army Officers Club in Bhadrakali, Kathmandu, also approved an 8% dividend for holders of irredeemable non-cumulative preference shares.

Following the bonus share distribution, the bank’s paid-up capital will exceed Rs. 33.40 billion.

Nabil Bank reported a net profit of Rs. 7.91 billion in FY 2082/83. Its deposits increased by 13.06% to Rs. 602.93 billion, while loans and advances grew by 12.15% to Rs. 476.87 billion. The bank’s total assets rose 15.38% to Rs. 734.76 billion.

The AGM also elected Nirvana Kumar Chaudhary, Malay Mukherjee and Syed Mansur Mustafa as directors representing the promoter shareholders.