NIBL announces book closure from Dec 11; AGM on Dec 25

ShareSansar, December 3:

Nepal Investment Bank Limited has announced book closure from December 11 for its Annual General Meeting.

The commercial bank with the largest number of account holders in the country will be holding its 27th AGM at Nepal Academy at Kamaladi in Kathmandu on December 25.

The AGM is also scheduled to endorse 35 percent dividend — 10 percent bonus share and 25 percent cash — to its shareholders from the net profit it registered in the last fiscal year 2069/70.

The commercial bank had earned a net profit of Rs 1.99 arba in the last fiscal year.

The proposed dividend is, however, subject to the approval of Nepal Rastra Bank and NIBL’s Annual General Meeting.

It may be noted here that it had distributed 30 percent dividend—25 percent bonus share and 5 percent cash – from the net profit it posted in the previous fiscal year of 2068/69.
 
NIBL had posted a net profit of Rs 1.31 arba in the fiscal year 2068/69.
It had given an astounding 50 percent dividend – 25 percent bonus share and 25 percent cash in the fiscal year 2067/68.