NMB holds 19th AGM

KATHMANDU:

NMB Bank organised its 19th annual general meeting (AGM) under the leadership of Pawan Kumar Golyan, chairman of the bank, on Friday. The AGM decided to distribute 21.05 per cent dividend — 20 per cent bonus shares and 1.05 per cent cash dividend — from its profit of last fiscal year. The bank also informed that to strengthen its operations it has already signed an agreement to merge with Pathibhara Bikas Bank in the eastern region and Bhrikuti Development Bank in the western region. It was also announced that the bank has received the final approval from Nepal Rastra Bank to open a contact office in Malaysia. NMB Bank has been providing services through a network of 29 branches, four extension counters and 33 ATM outlets.

Source: THT