Kumari Bank to distribute 33 per cent bonus shares

KATHMANDU:

The Kumari Bank Ltd has decided to distribute 33 per cent bonus shares to its share holders.

The 14th annual general meeting of the Bank held today under the chairmanship of Noor Pratap JB Rana, Chairman of the Bank, took the decision in this regard.

The paid-up capital of the Bank has reached Rs 2.43 billion in the fiscal year 2013/14 year from Rs 1.82 billion of the previous year.

The Bank had mobilised Rs 25.31 billion deposit in the previous fiscal year and Rs 27.57 billion deposit in the last fiscal year.

Similarly, the Bank recorded a net profit of Rs 341 million in the last fiscal year. The Bank has 25 branches outside Kathmandu valley and nine in the Valley with two extension counters and 40 ATM booths.

Source: THT