Last day to secure dividend of Agriculture Development Bank

Feb 27, 2019 Merolagani

Today is the last day to secure dividend of Agriculture Development Bank (ADBL). The bank is closing its book on February 28 for its upcoming AGM, thus, the shareholders registered in its book till February 27 will be eligible to attend its AGM and obtain the announced dividend.

The bank is conducting its AGM on March 29. The 736th board of directors meeting of the bank held on January 1 decided to call the AGM in its Central Training Centre at Bode, Bhaktapur.

The meeting is supposed to endorse a proposal of distributing 15.053 percent cash and 6 percent stock dividend to its shareholders.

After the bonus share distribution, the bank will have paid-up capital of Rs 9.98 billion excluding preference share of Nepal Government worth Rs 5.43 billion.

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