Century Commercial Bank convenes its 11th AGM; endorses proposal of 6.05% dividend for its shareholders

Sun, Jan 16, 2022 5:37 AM on Latest, AGM/Special AGM,

Century Commercial Bank has convened its 11th AGM for the FY 2077-78 under the leadership of its chairman Mr. Rajesh Kumar Shrestha on Poush 30, 2078.

Apart from the regular financial reports, The AGM has endorsed the board’s proposal to provide 5.75% bonus shares worth Rs 51.94 crore and 0.30% cash dividend worth Rs 2.73 crore to its shareholders from the profit it had made in the previous fiscal year.

The AGM also endorsed the board’s decision to dilute the shareholding of promoter shareholders from 53.41% to 51%, as per the media statement.

The bank currently provides its services to its customers from its 126 branches, 108 ATM outlets, 10 extension counters, and 25 branchless banking units under its network.