Muktinath Bikas Bank Approves 18.20% Dividend in 29th AGM

Muktinath Bikas Bank Limited (MNBBL) held its 29th Annual General Meeting on 15th Kartik 2082 in Pokhara. The AGM approved the annual report for FY 2080/081 and declared an 18.20% dividend for shareholders, comprising 13.53% bonus shares and 4.67% cash dividend.

Key proposals approved included increasing the bank’s paid-up capital to NPR 9,000,388,767.11, amending the relevant bylaws, and authorizing the board to initiate procedures for upgrading to a commercial bank as per Nepal Rastra Bank regulations. The meeting also appointed auditors for FY 2082/083. The AGM featured speeches from the chairman, board members, and CEO, and shareholder queries on the annual report were addressed.