Capital Plan of Civil Bank revealed; Bonus and Right share and merger with class B or class C BFIs
Tue, Sep 29, 2015 6:00 PM on Latest, Exclusive, Dividend, Bonus & Rights, Featured,
Nepal Rastra Bank (NRB) had directed the Bank and Financial Institutions (BFI) to raise their paid-up capital by the end of fiscal year 2073/74. NRB has asked the BFI to publicly disclose their proposal to increase the paid up capital.
Civil Bank Limited (CBL)has disclosed its capital plan submitted to NRB. At present Civil Bank has a paid up capital of Rs 2.88 arba.
- The bank plans to raise its paid up capital to Rs. 5 arba -Rs 6 arba by the end of Ashad 2073 as follows:
- From the profit of fiscal year 2071/72 the bank will provide bonus share.
- In the fiscal year 2072/73 the bank will merge with 3-4 class B national level development bank or regional level development bank or class C Financial Institutions to add Rs 2.50-Rs 3.00 arba paid up capital.
- By the end of Ashad 2074 the bank will raise its paid up capital to Rs 8 arba as follows:
- Will issue bonus share from the net profit of fiscal year 2072/73.
- To issue right shares in the range between 5%- 10%.
- To merge with class B national level development bank or class C financial institutions to add Rs 1.50- Rs 2.00 arba
- Will issue bonus share from the net profit of fiscal year 2073/74.
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