NMB Bank AGM approves 20 percent bonus share

Published On: January 9, 2017 12:40 AM NPT By: Republica  | @RepublicaNepal

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.


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