Nabil Bank Approves 12.50% Cash Dividend, Elects New Chairman

Nabil Bank Limited has approved a 12.50 percent cash dividend for its shareholders from the profit of fiscal year 2081/82 during its 41st Annual General Meeting held under the chairmanship of Upendra Prasad Paudel. The AGM also unanimously elected Anil Keshari Shah as a director representing the promoter shareholders.

Following this, the bank’s board selected Nirvana Kumar Chaudhary as the new Chairman, who will assume office after taking the oath from Nepal Rastra Bank.

Outgoing Chairman Paudel completed two terms, during which the bank achieved notable progress in sustainable banking, digital transformation, team building, social entrepreneurship initiatives, and merger management.

In the current fiscal year 2082/83, Nabil Bank has issued NPR 5 Arba worth of 8% irredeemable non-cumulative preference shares to strengthen its capital base and risk-bearing capacity, supporting further business expansion. The bank currently operates through 268 branches and 321 ATMs nationwide, serving over 2.5 million customers, and continues to promote digital and sustainable banking through its NBank platform.