Nabil Bank to hold its 30th AGM today; 65% dividend to be approved

ShareSansar, December 2:

Nabil Bank Limited (NABIL) is convening its 30th annual general meeting (AGM) today. The AGM is schedule to starts at 11:00 AM at DECC Hall, United World Trade Centre, Kathmandu.

It has already proposed 65 percent dividend – 20 percent bonus share and 45 percent cash – to its shareholders from the profit it earned in the last fiscal year 2070/71.The decision, however, is subject to the approval of Bank’s AGM.

The major agendas for the AGM are approval of financial statement of FY 2070/71, election of one director representing Promoter “B” group and approval of dividend declared by the BOD.

Note that, the bank has earned Rs 2.32 billion in last fiscal year, up from Rs 2.23 billion in the corresponding period of the previous fiscal year 2069/70.