Nabil Bank Approves 12.50% Cash Dividend, Elects New Chairman
Summary
Nabil Bank Limited approved a 12.50% cash dividend for fiscal year 2081/82 and elected Nirvana Kumar Chaudhary as the new Chairman following its 41st AGM.
Key Points
- Nabil Bank approved a 12.50% cash dividend for fiscal year 2081/82 at its 41st Annual General Meeting.
- Anil Keshari Shah was unanimously elected as a director representing promoter shareholders.
- Nirvana Kumar Chaudhary was selected as the new Chairman of Nabil Bank, set to assume office after oath from Nepal Rastra Bank.
- The bank has issued NPR 5 Arba worth of 8% irredeemable non-cumulative preference shares to strengthen its capital base and supports over 2.5 million customers through 268 branches and 321 ATMs.
