NIC Asia's AGM today to endorse 20% cash dividend; elect 8 directors
Fri, Feb 28, 2014 12:00 AM on AGM/Special AGM,
ShareSansar, February 28:
NIC Asia Bank Limited is holding its 16th Annual General Meeting today at Tinpaini in Biratnagar.
The AGM is due to endorse 20 percent cash dividend to the commercial bank’s shareholders from the net profit it posted in the last fiscal year 2069/70.
The bank had posted a net profit of Rs 64.20 crore in the last fiscal year.
Its EPS stood at 47.41 and return on equity at 14.63 percent.
NIC Asia had gone on to post a net profit of Rs 29.90 crore in the first quarter of the current fiscal year.
The annual event will also elect five BoD members from among the promoters and three public directors, according to a notice issued by the bank.
