Machhapuchhre Bank to give 20.75 percent bonus shares
January 9, 2017 12:00 AM NPT
KATHMANDU, Jan 9: The 18th Annual General Meeting (AGM) of Machhapuchhre Bank Ltd held in Pokhara has approved a proposal to distribute 20.75 percent bonus share, 12 percent right shares and 1.09 percent cash dividend (for tax purpose) to its shareholders.
Issuing a statement, the bank said that the AGM has also unanimously elected Ram Man Shrestha, Omesh Lal Shrestha, and Bishwa Prakash Gautam as the bank's board director from the group of public shareholders.
The bank said that its total paid-up capital will reach to Rs 7.39 billion after the distribution of bonus shares and rights shares.
The bank is operating through 56 branch offices, one extension counter and 72 ATM outlets across the country, the statement added.