Muktinath AGM on Nov 10; 27.5% dividend in the pipeline
Fri, Nov 8, 2013 12:00 AM on AGM/Special AGM,
ShareSansar, November 8:
Muktinath Bikas Bank Limited is holding its Annual General Meeting on November 10.
The AGM being held in Pokhara is scheduled to endorse 27.5 percent dividend -- 20 percent bonus share and 7.5 percent cash—to the shareholders from the net profit it earned in the last fiscal year 2069/70.
The development bank had posted a net profit of Rs.9.8 crore in the last fiscal year
It has also registered an operating profit of Rs 3.9 crore in the first quarter of the current fiscal year 2070/71.
According to the development bank’s CEO Bharat Raj Dhakal, they have also mobilized 3.95 arba in deposit and 3.35 arba in loan.
He also informed that the development bank will soon offer mobile banking service.
The development bank, which covers ten districts, is planning to open new branches at Karkineta in Parbat, Chipledhunga in Pokhara and Galla-mandi in Bhairahawa.
The bank has been consistently generating good income over the years and distributing handsome returns to its shareholders.
