Machhapuchchhre Bank’s 18th AGM endorses 20.75% bonus and 12% right share

Machhapuchchhre Bank has endorsed 20.75% bonus share and 12% right share from its 18^th Annual General Meeting (AGM) conducted in Hotel Pokhara Grande, Pokhara on Poush 22, 2073. The AGM has also endorsed 1.09% cash dividend (for tax purpose) and financial statements of the fiscal year 2072/73. Machhapuchchhre Bank has a paid up capital of Rs. 3.86 crore. Issuing a press statement, the bank said that after the issuance of the ongoing 50% right share, its paid up capital will reach Rs. 5.79 arba. Similarly, after the issuance of the endorsed 20.75% bonus share and 12% right share, its paid up capital will reach Rs. 7.39 arba. Machhapuchchhre Bank Limited has earned a net profit of Rs. 24.69 crore in the first quarter of the current fiscal year 2073/73. It has collected deposits of Rs 58.13 crore and floated loans worth Rs. 49.87 crore. Machhapuchchhre Bank started its operations in 2057 B.S. from Pokhara. It has been providing services to over 4.50 lakh customers from its 56 branches, 1 extension counter, and 72 ATM centers.