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Machhapuchre Bank

NABIL to distribute 22% dividend, 12% bonus share

By Our Reporter
The 34th annual general assembly (AGM) of the NABIL Bank Ltd, chaired by its chairman Shambhu Prasad Poudel held on 11 March has decided to distribute 22 percent cash dividend and 12 percent bonus share to its shareholders.
In above three decades long service, the Bank has been able to become a leading private sector bank of the country.
The Bank, in the fiscal year 2074/75, was able to earn 3 billion 980 million profit, which has been recorded as the highest amount of profit among the private sector banks in the country. The Bank’s operational profit is 5 billion 650 million rupees.
Besides, the Bank has paid highest amount as tax to the government among the commercial banks and the Bank was honoured by the
Internal Revenue Department as the highest tax payer bank.
The Bank’s paid-up capital is recorded at 9 billion 10 million rupees, whereas the Bank’s net-worth is 20 billion 590 million rupees.
Addressing the AGM, chairman Poudel, expressed happiness for being able to contribute the nation in areas of modernizing the banking sector, accelerating commercial and industrial activities, creating employment opportunity and contributing the government treasury through the means of tax.

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