United Insurance Calls Out 25th AGM on November 12

Oct 18, 2019 10:49 AM Merolagani

United Insurance (UIC) has called out its 25th AGM on November 12.  The 339th board of directors meeting of the company decided to call the AGM in Karki Banquet, Babarmahal, Kathmandu at 10 AM.

The AGM will approve financial statement of the FY 2074/75 and appoint auditor for the FY 2075/76.

Moreover, the meeting will delegate authority to BOD to amend rule 8 (2) of its article of association, to forward merger/acquisition process with suitable partners, appoint DDA evaluator and signed MoU of merger/acquisition.

In this regard, the company will close its book on October 25, thus, the shareholders registered in its book till October 24 will be eligible to attend the AGM.

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Net Profit of Civil  Bank Decreases by 35%

Aug 14, 2020 09:06 PM

The net profit of Civil Bank (CBL) has decreased by 35.40 percent in the fourth quarter of the last FY. The bank earned a net profit of Rs 457 million in the review period compared to Rs 700.7 million of the corresponding period of the previous FY.