Swabalamban AGM: 70% div. in offing; Auth. capital to be raised to Rs 50 crore

ShareSansar, December 16:

Swabalamban Laghubitta Bikas Bank (SWBBL) is going to hold its 13th Annual General Meeting on Poush 27, 2071; which will endorse 46.5 percent bonus share and 23.5 cash dividend to its shareholders from the net profit earned in the last fiscal year 2070/71.

The bank is increasing its authorized capital to Rs 50 crore subject to approval from its upcoming AGM>

The venue for annual general meeting is schedule at Naxal Banquet, Naxal , Kathmandu  at 11 AM on poush 27, 2071. Bank has also announced its book closure date on Poush 9 to Poush 25.

Other agenda includes the approval of financial statement of FY 2070/71.

In the previous year, Bank had offered 13.36 cash dividend and 14 percent bonus.