NIC ASIA Bank convenes 21st AGM; 10% bonus shares gets endorsed

NIC ASIA Bank has conducted its 21st AGM on Poush 4, 2075 in Sanepa of Lalitpur. The AGM has endorsed all the financial reports of the previous fiscal year 2074-75 including for that of other subsidiary companies i.e. NIC ASIA Microfinance and NIC ASIA Capital. It also appointed DR Upadhya and Company as the external auditor for the current fiscal year.

The AGM also endorsed the board’s decision to provide 10% bonus shares worth Rs 80.31 crore to its shareholders and 0.526% cash dividend for tax purpose. Following the bonus shares, the paid up value of the bank will increase to Rs 8.83 arba.

The bank is providing banking services from its 270 branches, 287 ATM outlets, 37 extension counters and 20 branchless banking units throughout the nation.