Ace to give 7 percent bonus shares

KATHMANDU, Dec 16 :

Ace Development Bank has decided to provide 7 percent bonus shares and 0.37 percent cash divided to its shareholders.

The 17th annual general meeting of the bank held on Monday approved the bank´s board of directors´ proposal to provide 7 percent bonus shares and 0.37 percent cash dividend.

Issuing a statement, the development bank said that the AGM also mandated the board of directors to continue searching a suitable partners for merger.

 The bank´s current deposit and loan mobilization stands at Rs 5.9 billion and Rs 4.84 billion, respectively. The bank operates with a network of 12 branch offices and an extension counter.

Source: Republica