Nabil Bank convenes its 35th AGM; clears way for 34 % dividend and felicitates people involved in foiling recent massive banking loot

Nabil Bank has convened its 35^th AGM on Poush 22, 2076 under the leadership of bank’s chairman Mr. Sambu Prasad Poudyal. Endorsing all the financial reports, the AGM has also endorsed the proposal to provide 12% bonus shares and 22% cash dividend to the shareholders.

The bank had earned net profit of Rs 4.24 arba that is the highest among the private banks in Nepal, reported EPS of Rs 50.57, increased the size of its balance sheet to Rs 2.01 kharba, had operational profit of Rs 6.03 arba during the previous fiscal year. After capitalization of the proposed bonus shares, the paid up capital of the bank will scale up to rs 10.09 arba.

The AGM also saw the felicitation of bank’s employees, security guards, Durbarmarg post of Metropolitan Police for their active participation in preventing the major banking loot in Nepal some months ago, as per the media statement.