Commerz and Trust pledges 2 percent bonus shares

ShareSansar, January 27:

Commerz and Trust Bank Nepal Limited has offered 2 percent bonus shares to its shareholders from the net profit it earned in the last fiscal year 2069/70.

The 117th BOD meeting of commercial bank has just offered the bonus shares, which, however, is subject to the approval from Nepal Rastra Bank and the upcoming AGM of the commercial bank.

Commerz and Trust, which is merging with Global IME Bank, had posted a net profit of Rs 5.86 crore in the last fiscal year.