Mega Bank Nepal Limited (MEGA) has successfully conducted its 6th Annual General Meeting (AGM) yesterday in Kathmandu. The bank has approved 13.25% bonus share and 0.70% cash dividend for the tax purpose.
Speaking in the AGM, Mr. Bhoj Bahadur Shah, chairman of the Bank, said “To be able to provide such returns within a short duration of time is definitely an achievement for the entire Mega Team”. As per the last year’s commitment to provide more than 10% dividend, this year the Bank has succeeded to provide 13.95% dividend to the shareholders.
As per a press statement issued by the bank, the AGM has also approved 65% right shares after bonus distribution which will benefit around 1.40 lakh shareholders.
Speaking about the financial highlights of the bank, Mr. Anil Keshari Shah, CEO of the bank said that the bank’s deposit has increased by Rs 7.77 arba in the second quarter of FY 2073/74 to reach Rs 38.1 arba. Likewise, the bank’s loan has increased by Rs 6.65 arba to reach Rs 34.1 arba. Also, the bank has earned a net profit of Rs 37 crore.
Currently, Mega Bank is operating with its 39 branches, 1 extension counter, 47 ATMs and 58 Branchless Banking outlets throughout the country. Moreover, the Bank has been providing remittance service from more than 1400 Mega Remit agents and has made agreement with almost 20 national and international remit agents. The bank has a customer base of 2 lakh 24 thousand, added the statement.
