General meeting of NMB Bank passed the dividend

KATHMANDU: JAN. 7 – NMB Bank’s 26th Annual General Meeting has concluded.

In the presence of the Chairperson, Board of Directors, and shareholders, a general meeting was conducted at the Tribhuvan Army Officer’s Club in Sundhara, Kathmandu.

The general meeting approved a bonus share dividend of 12.50 percent and a cash dividend of 3.3 percent of the existing paid-up capital from the profit of the fiscal year 2077/78.

It has been informed that the paid-up capital of the bank will reach Rs. 18.36 billion after the bonus shares were approved by the general meeting. The bank has reported a net profit of Rs 2.71 billion, deposits of Rs 166 billion and loans of Rs 158 billion as of 2078 Ashad (June 2021).

The shareholders of the bank expressed their concerns during the general meeting, which was presided over by Pawan Kumar Golyan, chairperson of the bank’s board of directors.

The bank was also named ‘Bank of the Year Asia 2021’ and ‘Bank of the Year Nepal 2021’ by the Financial Times in London.