Prime Commercial Bank Convenes Its 15th AGM; Endorses Proposal of 8.95% Dividend and Election of 5 New Board Members

Prime Commercial Bank convened its 15th AGM for the FY 2078-79 under the leadership of its chairman Mr. Rajendra Das Shrestha on Poush 28, 2079.

The AGM has endorsed the board’s proposal to provide 4% bonus shares and a 4.95% cash dividend to its shareholders from the profit it had made in the previous fiscal year. The paid-up capital of the bank will scale up to Rs 19.40 arba after the capitalization of the proposed bonus shares, as per the media statement.

The AGM has also elected Mr. Rajendra Das Shrestha, Mr. Udaya Mohan Shrestha, and Mr. Narendra Bajracharya as the BoDs from the promoter group and Mr. Prachandra Man Shrestha and Mr. Manoj Paudel into the board from the public group, as per the media statement.

The board meeting held on Poush 29, 2079 has unanimously elected Mr. Rajendra Das Shrestha as the chairman of the bank, as per the media statement.