Century Commercial Bank holds 11th AGM

KATHMANDU: Century Commercial Bank held its 11th annual general meeting under the chairmanship of Rajesh Kumar Shrestha, Chairman of the bank, on January 14. The AGM passed the proposal to distribute 6.05% dividend of its paid-up capital. Till the end of the last fiscal year, the bank’s paid-up capital stood at over Rs 9.03 billion. Of the 6.05% dividend, the AGM has decided to distribute 5.75% as bonus shares and 0.30% as cash dividends for tax purposes. The meeting also endorsed the audit report of the last fiscal year along with the financial statement of the bank. It also endorsed the proposal put forward by the board of directors to reduce the share of promoters from 53.41% to 51%. READ ALSO:

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