Kathmandu, December 24
Nabil Bank has convened a general meeting on December 12 to pass the dividend announced to be distributed to the shareholders from the last fiscal year’s profit. The bank has convened its 37th annual general meeting.
The meeting will pass a resolution to distribute 33.60 percent bonus share of the existing paid-up capital and 4.40 percent cash dividend for tax purposes.
In addition, other suitable banks and financial institutions have an agenda to empower the
board of directors to carry out all the work related to merger or acquisition and to increase thenauthorized capital to Rs. 10 billion.
The bank is going to close the book on December 3 for the purpose of the meeting. Therefore, the existing shareholders will be able to participate in the meeting and receive dividend till 15th December.
By Karuna Thapa
