Nabil Bank's AGM passes 15.80% dividend including 5% bonus shares

Nabil Bank Limited's 42nd annual general meeting has passed a proposal for a total dividend of 15.80 percent, including 5 percent bonus shares.

The AGM was held on Thursday at the Tribhuvan Army Officers' Club in Bhadrakali, Kathmandu, chaired by bank chairman Nirvana Kumar Chaudhary. The meeting approved 5 percent bonus shares along with a 10.80 percent cash dividend.

The dividend will be distributed to ordinary shareholders from the profits of fiscal year 2082/83.

Three directors were also elected to the bank's board during the general meeting.