NBB announces AGM on March 11; book closure on February 18

ShareSansar, February 5:

Nepal Bangladesh Bank Limited has announced its Annual General Meeting on March 11 to formally endorse 17.89 percent dividend, including 10 percent bonus shares to its shareholders from the net profit the bank posted in the last fiscal year 2069/70.

The commercial bank has also announced the book closure on February 18 for the AGM. Hence, only those shareholders would be eligible for the proposed dividend who hold the shares of the bank up to February 17.

Pleasantly surprising its shareholders, the Board of Directors of NBB pledged 17.79 percent dividends from the net profit it posted in the last fiscal year.

NBB had posted a net profit of Rs.59.07 crore in the last fiscal year.