Last day to secure dividend of Lumbini Bikas Bank

Jan 07, 2020 09:51 AM Merolagani

Today is the last day to secure dividend of Lumbini Bikas Bank (LBBL). The bank is closing its book on January 8 for its upcoming AGM, thus, the shareholders registered in its book till January 7 will be eligible to attend the AGM and obtain the announced dividend.

The company is conducting its 12th AGM on January 14 in Amritbhog, Kalikasthan, Kathmandu at 11:00 AM.

The meeting will endorse a proposal of distributing 5 percent stock and 15 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners and appoint an auditor for the current FY.

Presently, the bank has a paid-up capital of Rs 2.58 billion that will reach Rs 2.7 billion after the bonus share distribution.

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