Everest Bank to issue 33 percent bonus shares

Published On: November 18, 2017 09:52 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Nov 18: Everest Bank Ltd has decided to issue 33 percent bonus shares. The bank's board of directors approved the issuance of bonus shares on Thursday.

Issuing a press statement, the bank said that issuance of the bonus shares would raise the paid-up capital of the bank to more than Rs 8 billion. The issuance of new bonus shares is subject to approval by central bank and shareholders in the ensuing annual general meeting, added the statement.

According to the statement, the bank is currently rendering professionalized and efficient banking services through its widest domestic network of 64 branches, two extension counters, 28 revenue collection counters, 94 ATMs and many correspondents across the globe.

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