NCC Bank concludes its 24th AGM; endorses proposal of 8.42% dividend to its shareholders

Fri, Jan 14, 2022 5:09 AM on Latest, AGM/Special AGM,

Nepal Credit and Commerce Bank has convened its 24th AGM for the FY 2077-78 under the leadership of its chairman Mr. Upendra Kesari Neupane on Poush 29, 2078.

Apart from the regular financial reports, The AGM has endorsed the board’s proposal to provide 8% bonus shares and 0.42% cash dividend for taxation purposes to its shareholders from the profit it had made in the previous fiscal year. After the bonus shares, the new paid-up capital of the bank will reach Rs 11.13 arba

The bank had raised deposits of Rs 110.80 arba, disbursed loans of Rs 98.32 arba, earned a net profit of Rs 1.33 arba after bonus and tax adjustment during the review period, as per the media statement.

The bank currently provides its services to its customers from its 137 branches, 12 extension counters, 114 ATM outlets under its network.