Grand Bank’s AGM on March 21; 4.75 cash dividend in the pipeline
Fri, Feb 28, 2014 12:00 AM on AGM/Special AGM,
ShareSansar, February 28:
Grand Bank Nepal Limited has announced its Annual General Meeting on March 21.
The 13th AGM of the commercial bank scheduled at the Staff College at Jawalakhel will endorse 4.75 percent cash dividend to the shareholders from the net profit it posted in the last fiscal year 2069/70.
The annual event will also endorse a plan to convert 17 percent of the existing 70 promoter shares of the bank to ordinary shares.
Grand Bank had posted a net profit of Rs.20.05 crore in the last fiscal year of 2069/70.
