Nabil bank 37th AGM successfully held and Upendra Prasad Poudel re-elected chairman

Jan Fri 2022 02:24:31

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Nabil bank 37th AGM successfully held and Upendra Prasad Poudel re-elected chairman

Kathmandu. The 37th Annual General Meeting of Nabil Bank Limited has been concluded. The meeting was held in Kathmandu under the chairmanship of Upendra Prasad Poudel. The meeting passed a resolution to distribute 38 dividends (33.605 bonus shares and 4.40 cash dividend) from the profits of the Fiscal Year 2077/78 among other issues.

A.W. The bank has managed to achieve the highest profit of Rs. 4.53 billion among the private sector banks in 2077/78. The bank has expanded its net worth to Rs 291 billion with a return of 15.19 percent and earnings per share of 33.57. The bank's capital has reached Rs. 18.49 billion after the proposed bonus share from the profit of the review year.

Speaking at the General Assembly, Chairman Poudel said that the Nabil family was proud of Nabil Bank's success in modernizing Nepal's banking, providing impetus to the country's business and industrial activities, creating employment opportunities in the country and contributing to government funds through taxes. The bank is focused on maintaining a good and reliable bank with Thulo and has given high priority to institutional good governance and customer satisfaction, said Chairman Poudel. Informed at the meeting.

Also, the 588th meeting of the Board of Directors of the Bank held today has re-elected Mr. Upendra Prasad Poudelju as the Chairman of the Board of Directors. Mr. Poudelju has been representing NB (International) on the Board of Directors of the Bank since 15th December, 2074 BS.

 Providing continuous service for more than three decades, Nabil Bank has succeeded in establishing itself as a leading commercial bank in Nepal. Nabil Bank is confident of moving forward with all its stakeholders by providing services through 135 branches, 187 ATMs and more than 1500 Nabil Remit agents across the country and through many agents around the world.