Grand Bank cash dividend

KATHMANDU 7, August:

The 144th board meeting of Grand Bank Nepal has decided to give 7.5 per cent cash dividends, apart from appointing Swarup Gurung Koney as its new chairman. Koney is also the president of Society of Nepalese Architects (SONA) and past president of Nepal Philippines Society. The meeting also appointed Jagdish Kumar Agrawal, Pawan Kumar Agrawal and Shreeram Lamichane as board members for the next four years term representing the promoters side. Devraj Rajbhandari, Sohan Babu Khatri, Madhuwan Maskey and Pratap Mehar Shrestha have been selected as board members, said the bank that has collected a deposit worth Rs 15 billion and has floated loans worth Rs 12 billion till mid-July. It has been able to earn net profit of Rs 180.37 million. 

Source: The Himalayan Times