Tourism Development Bank okays dividend

KATHMANDU, APR 16:

Tourism Development Bank’s (TDB) third annual general meeting (AGM) held under its chairman prof Dr Puspa Raj Kandel on Monday has approved 6.50 per cent cash dividend from the profits of last fiscal year. The annual general meeting also approved the financial report of the fiscal year 2011-12. Similarly, the AGM elected Mukti Ram Pandey, Mukul Mani Dahal and Thakur Prasad Bhattarai as board directors representing general shareholders group. The development bank has collected deposits worth Rs 2.66 billion and floated loans worth Rs 2.54 billion till mid-January.

Source: THT