Kumari Bank convenes 19th AGM; endorses 10% bonus shares taking the paid up value to 9.55 arba

Kumari Bank has convened its 19^th AGM under the leadership of its chairman Mr. Amir Pratap J.B. Rana. The AGM has endorsed 10% bonus shares and 0.526% cash dividend for tax purpose to the bank’s customers along with endorsing other financial highlights of the FY 2075-76. After capitalization of the endorsed bonus shares, the paid up value of the bank will scale to Rs 9.55 arba.

The bank had raised Rs 84.40 arba in deposits, disbursed Rs 76.98 arba, earned operational profit of Rs 1.76 arba, earned net profit of Rs 1.23 arba by the end of the FY 2075-76.

The bank currently has 107 branches, 93 ATM terminals, 3 extension counters and 8 branchless banking units under its network.