NMB Bank holds 26th AGM

Stakeholders of NMB Bank attend the bank’s 26th annual general meeting at Army Officers’ Club in Kathmandu, on Thursday, January 6. Photo: NMB Bank

KATHMANDU: NMB Bank held its 26th annual general meeting (AGM) at the Army Officers’ Club in Kathmandu, on Thursday. NMB Bank Chairman Pawan Kumar Golyan presided at the AGM.

The AGM approved the proposal to distribute 12.5% bonus shares and 3.3% cash dividend on the current paid-up capital of the bank. The bank has earned Rs 2.71 billion net profit, collected more than Rs 166.45 billion deposits and invested more than Rs 158.04 billion loans till June/July 2021. It has been informed that the Bank’s paid-up capital will be Rs 18.37 billion after the distribution of bonus shares.

In recognition of its continued commitment towards sustainable banking practices, digitisation and corporate governance, The Financial Times, London awarded NMB Bank with the prestigious ‘Bank of the Year 2021, Asia’ award. NMB Bank is the first bank in Nepal to win such an award. The bank took this opportunity to thank all the shareholders for their continuous support and trust towards the bank.

NMB Bank is currently providing its services through 201 branches, 138 ATMs and nine extension counters.

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