Civil Bank jointly convenes 7th and 8th AGM; endorses 10.25% bonus shares and 4.05% cash dividend due for last couple years

Civil Bank Limited has convened its 7^th and 8^th AGM on Baisakh 27, 2076 which has endorsed 10.25% bonus shares and 4.05% cash dividend to its shareholders.

The AGM has also appointed Mr. Icchya Raj Tamang, Mr. Ambir Bogati, Mr. Pratap Jung Pandey, Mr. Prakash Tayal, Mr. Shambhu Prasad Pant and Mr. Yogesh Bahadur Mall as board members from promoter’s group and public shareholders group respectively.

The AGM has also appointed BRS Neupane and Company as the auditor for the fiscal year 2075-76. The AGM has also given full authority to the board to engage in merger / acquisitions with suitable BFIs as well as to rope in foreign strategic partners in future days, as per the media statement.

The bank currently has 73 branches and is in process of opening 33 more branches in near future.