Machhapuchchhre Bank to convert 15.56% promoter share into public share

Machhapuchchhre Bank Limited (MBL) has decided to convert its promoter- public shareholders ratio. The company is making the promoter to public share ratio at 51:49. The current structure of the promoter-public shareholder ratio of the bank stands at 66.56:33.44. This means that 15.56 percent of promoter shares will be converted into the ordinary shares. With this promoter to public proportion of MBL will stand at 51: 49. The BOD meeting has decided to convert the share structure as directed by Nepal Rastra Bank. Machhapuchchhre Bank has earned net profit of Rs 40.13 crore in the second quarter of the fiscal year 2072/73 as per unaudited report.