Nabil Bank to approve 30% stock & 18% cash dividend; 33rd AGM on Ashwin 10; Book closure on Bhadra 27

Nabil Bank Limited (NABIL) will be convening its 33^rd Annual General Meeting (AGM) on Ashwin 10, 2074. The AGM will be held at Nepal Pragya Pratisthan, Kamaladi Kathmandu at 10: 30 AM. Main agendas of the AGM are:

• To increase its authorized capital up to Rs 10 arba.

• To endorse 30 percent (10:3) stock and 18 percent cash dividend including for tax purpose from the net profit it earned from the fiscal year 2072/73. The fractional stock dividend will be rounded to the nearest whole number. After the distribution of bonus share, issued and paid up capital will rise to Rs. 8.04 arba.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.
• As per the direction of NRB, BFIs need to donate 1%of profit to the welfare of the society as a part of corporate social responsibility (CSR) so the bank will do necessary donation through its Nabil Foundation.

Other agendas of the AGM includes financial highlights of 2073/74, appointment of auditor and to consolidate financial highlights of subsidiary company-Nabil Investment Banking Limited Only those shareholders owning shares till Ashwin Bhadra 26, 2074 will be entitled to the dividend of the company. The register of their shareholders will remain closed from Bhadra 27, 2074 till Ashwin 10, 2074 for the purpose of its AGM. NABIL has earned net profit of Rs 3.65 arba in the fourth quarter of last fiscal year 2073/74 as per unaudited report. It’s paid up capital remains at Rs 6.18 arba  and after distributing 30 percent bonus share, paid up capital will reach to Rs 8.03 arba.