Sewa Bikas concluded its AGM; approved 21.05% div. and appointed 3 public directors
Sun, Nov 30, 2014 12:00 AM on AGM/Special AGM,
ShareSansar, November 30:
Sewa Bikas Bank Limited (SEWA) has successfully completed its 8th Annual General Meeting on last Friday (Mangsir 12, 2071). The AGM has approved the decision to distribute the dividend to its shareholders from the profit of fiscal year 2070/71.
The Bank has proposed to distribute 20 percent bonus share and 1.05 percent cash dividend to its shareholders.
The AGM has unanimously selected the 3 directors namely Keshav Prasad Bhandari, Kalpana Shrestha and Bishweshor Subedi representing public shareholders group.
The company CEO Mahesh Prasad Kafle addressing the shareholders informed that till now company has able to distribute 85 percent dividend to its shareholders and the company’s NPA stood very low till date. Also, the company is continuously able to maintain its position on “A” category, categorized by NEPSE since the last 4 years of time period. Currently its headquarter on Butwal is serving more than 51,000 customers with 11 branch offices and 7 ATM counters.
