Nabil Bank virtually convenes its 36th AGM; endorses proposal of 35.26% dividend to shareholders

Nabil Bank has virtually convened its 36^th AGM for the FY 2076-77 under the leadership of its chairman Mr. Upendra Prasad Paudyal on Poush 29, 2077.

The AGM has endorsed the board’s proposal to provide a 35.26% dividend to its shareholders from the profit it had made in the previous fiscal year. After the endorsement of the bonus shares, the paid-up capital of the bank will scale up to Rs 13.48 arba.

The AGM also elected Mr. Ananta Poudel and Mr. Pravin Tibrewala as new board members from the public shareholder group, as per the media statement.

The bank had maintained a balance sheet of Rs 237 arba, earned a net profit of Rs 3.46 arba, maintained EPS of 36.16 by the end of the previous fiscal year, as per the media statement.

The bank currently has 119 branches, 185 ATM booths, and more than 1500 Nabil Remit agents spread across the nation.