15.85% bonus share of Sagarmatha Finance approved by NRB

Nepal Rastra Bank has approved the proposal of 15.85% bonus share distribution of Sagarmatha Finance Limited (SAFL).The proposal was approved on Jestha 9, 2073. The proposal will be put forth in the finance company’s Annual General Meeting for approval. With the approval shareholders will be distributed 15.85% bonus share. The finance company has collected deposits of Rs 3 arba and disbursed loan of Rs 2.50 arba. It has operating profit of Rs 11.87 crore in the current fiscal year. Till date SAFL has 10 branches in operation.The finance company has been rendering ABBS Service, SMS Banking, ATM and Remittance Service.