NIC Asia starts distributing 20% cash dividend warrants to shareholders

ShareSansar, March 4:

NIC Asia Bank Limited 20 percent is distributing cash dividend warrants to the shareholders from the net profit it posted in the last fiscal year 2069/70 from today.

The first Annual General Meeting of the commercial bank following the merger of NIC Bank and the Bank of Asia has concluded in Biratnagar had endorsed the dividend.

The cash dividend warrants can be collected from the office of the bank’s RTS, Civil Capital Markets Limited at Kathmandu Plaza from 10:00 AM to 3:00 PM Sunday through Thursday, and from 10:00 AM to 1:30 PM on Fridays.

Observed as the 16th Annual General Meeting, the annual event had also elected Jagadish Prasad Agrawal, Trilok Chandra Agrawal, Tulsi Ram Agrawal, Lokmanya Golchha and Ram Chandra Sanghai as the directors from among the promoters and Rajendra Prasad Aryal, Birendra Kumar Sanghai and Binod Kumar Pyakurel as the public directors.

During the AGM, the management of the merged bank, which had posted a net profit of Rs 64.20 crore in the last fiscal year, has informed that 14 more branches and many more ATM counters will be added in the current fiscal year to expand the service of the bank.