header banner
ECONOMY

NMB Bank AGM approves 20 percent bonus share

KATHMANDU, Jan 9: The 21st Annual General Meeting (AGM) of NMB Bank Ltd has approved a proposal to distribute 19 percent bonus shares and 1 percent cash dividend (for tax purpose) to the bank's shareholders from the profit earned in the last fiscal year.
By Republica

KATHMANDU, Jan 9: The 21st Annual General Meeting (AGM) of NMB Bank Ltd has approved a proposal to distribute 19 percent bonus shares and 1 percent cash dividend (for tax purpose) to the bank's shareholders from the profit earned in the last fiscal year.



According to the bank, its total paid-up capital after distribution of bonus shares will reach Rs 6.46 billion.



Financierings Maatchappij-Voor Ontwikkelingslanden (FMO) Netherlands hold 20 percent stakes in the bank.



"NMB Bank has been providing services through a network of 72 branch offices, seven extension counters and 57 ATM outlets across the country," the statement added.


Related story

Nepal SBI Bank AGM approves 28 percent bonus share


 

Related Stories
ECONOMY

NMB Bank holds 22nd AGM

ECONOMY

SCBNL approves 33.33% bonus share

ECONOMY

Sagarmatha Insurance AGM approves 22% bonus share

ECONOMY

Machhapuchhre Bank to give 20.75 percent bonus sha...

ECONOMY

SDBL AGM approves 24% bonus shares, 60% rights iss...