The bank is conducting its 9th AGM on November 15 in Nepal Pragya Pratisthan, Kamaladi, Kathmandu at 11:30 AM.
The AGM will endorse a proposal of distributing 11.75 percent cash dividend to its shareholders. The bank will distribute 1.22 billion as cash dividend to the shareholders.
Moreover, the meeting will amend its article of association and memorandum of association. The meeting will also delegate authority to BOD to make required amendments as per regulatory bodies, to forward merger/acquisition process with suitable partners, appoint DDA evaluator, decide swap ratio and signed MoU of merger/acquisition.
