City Development’s 10:3 right shares listed at NEPSE
Wed, Mar 11, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, March 11:
The right shares allotted to the existing shareholders of City Development Bank in the month of Kartik has been listed at Nepal Stock Exchange. City had offered right shares at the ratio of 10:3, adding 9,24,000 shares to its existing stock.
The bank had decided to issue the right shares as well as 22% bonus shares from the profit it earned in the fiscal year 2070/71.
Following the stock offerings, the bank’s paid up capital has risen to Rs 46 crore 60 lakhs 81 thousand. Similarly, the bank mobilized Rs 4 arba 33 crore in deposits and disbursed loans of Rs 3 arba 64 crore.
The bank has been providing services from 13 branches. According to the press statement issued by the bank, it will establish 4 new branches in Kushmisera of Baglung, Lamachour of Kaski, Bandipur of Tanahu and Malpot chowk of Chitwan.
The bank has been using modern technology, safe and secure customer banking service from 8 years. In the future days City Development will be guiding Nepal rastra bank, the bank has expressed its commitment for dependable services to the customer.
