Civil Bank to give 8 percent bonus share

Kathmandu. Civil Bank is going to give bonus shares at the rate of 8 percent to the shareholders. The bank has decided to distribute bonus shares of Rs 64 crore 2 lakh 71 thousand, which is 8 percent of the bank’s paid-up capital.

Similarly, the bank has stated that it will distribute cash dividend of Rs 3 crore 26 lakh 98 thousand at the rate of 0.42 percent per share for tax purposes.

The decision was taken at the bank’s tenth annual general meeting held on Sunday. The General Assembly has decided to re-appoint NBSM & Associates as the auditor for the audit of the Fiscal Year 2077/07.

Similarly, the general assembly has given full authority to the board of directors of a bank and financial institution to merge, acquire or bring in a strategic partner.