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Published On: November 17, 2016 08:15 PM NPT By: Republica

EBL announces 70% bonus shares, 3:1 rights issue

KATHMANDU, Nov 17: The Board of Directors of Everest Bank Ltd (EBL) on Wednesday decided to distribute 70 percent bonus share and launch 3:1 rights issue to its shareholders from the profit it earned in Fiscal Year 2015/16.

The decision, however, is subject to approval of the Nepal Rastra Bank (NRB) and the upcoming Annual General Meeting (AGM) of the bank.

According to the bank, it has recorded 51.99 percent growth in operating profit in the first quarter of the current fiscal year.

 

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