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Machhapuchre Bank

KBL to distribute bonus share to its shareholders

The 16th annual general meeting (AGM) of Kumari Bank Ltd (KBL) has approved the decision of its board of directors (BOD) to distribute 21 % bonus shares and 1.10 % cash dividend (for tax purpose) to its shareholders from the profit earned in the last fiscal year.
According to the bank, the AGM also approved the board’s decision to acquire Kasthamandap Development Bank, Pashchimanchal Finance Company, Mahakali Development Bank and Kankrebihar Development Bank.

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