4th AGM of NMB Microfinance approved 25% stock dividend

NMB Microfinance Bittitya Sanstha Limited has successfully conducted its 4^th AGM on Mangsir 18, 2073. The microfinance company had approved 25 percent bonus share and 1.3158 percent cash dividend (for tax purpose) share from the net profit it earned from the fiscal year 2072/73. As per the press release published by the bank today, The AGM highlighted the financials of FY 2072/73. Similarly, the company also endorsed to raise its paid up capital to Rs 40 crore from existing Rs 20 crore.  After issuance of bonus and right share it’s paid up and issued capital will reach Rs 11.27 crore. CEO of NMB Bank, Chief Guest of the program Mr. Upendra Paudel, Chairman of Nepal Banker’s Association praised about the company which has been providing services in remote areas. The company has been providing services from 25 branches in Himalayan sector and 50 branches in hilly areas with 42,000 women members. The microfinance company has extended loans of Rs 1.11 arba and collected Rs 25 crore in deposits.