Nabil Bank convenes its 37th AGM; endorses proposal of 38% dividend and reappoints Mr. Upendra Prasad Poudyal as its chairman

Nabil Bank has convened its 37^th AGM for the FY 2077-78 under the leadership of its chairman Mr. Upendra Prasad Poudyal on Poush 30, 2078.

Apart from the regular financial reports, The AGM has endorsed the board’s proposal to provide 33.60% bonus shares and 4.40% cash dividend to its shareholders from the profit it had made in the previous fiscal year. After the bonus shares, the paid-up value of the bank will scale up to Rs 18.49 arba.

The AGM also re-elected Mr. Udaya Krishna Upadhya and Mr. Upendra Prasad Poudyal as directors from the promoter shareholder group while the board meeting has reappointed Mr. Paudel as chairman of the bank for another tenure, as per the media statement.

The bank had earned a net profit of Rs 4.53 arba, registered EPS of Rs 33.57 during the review period, as per the media statement.

The bank currently provides its services to its customers from its 135 branches, 187 ATM outlets, and more than 1500 remit agents under its network.