Kaski Finance announces 18% bonus shares

KATHMANDU, Aug 25:

Kaski Finance Ltd has announced that it will distribute 18.17 percent of bonus shares to its shareholders.

Issuing a press release on Tuesday, the Pokhara-based finance company said that decision, however, is subject to approval of its upcoming annual general meeting and Nepal Rastra Bank.

The finance company earned operating profit of Rs 11 million in the last fiscal year. According to the release, the finance company mobilized Rs 2.8 billion in deposit and extended Rs 2.43 billion in loans in the last fiscal year.

Kaski Finance is planning to upgrade into a national development bank following merger with Kamana

Source: Republica