Last day to secure dividend of NCC Bank

Jan 20, 2020 10:00 AM Merolagani

Today is the last day to secure dividend of NCC Bank (NCCB). The bank is closing its book on January 21 for its upcoming AGM, thus, the shareholders registered in its book till January 20 will be eligible to attend the AGM and obtain the announced dividend.

The bank is conducting its  22nd AGM on January 31 in Tribhuwan Army Officers Club, Tundikhel at 11:00 AM.

The AGM is scheduled to endorse a proposal of distributing 15 percent bonus and cash dividend of 0.78 percent for tax propose to its shareholders.

Moreover, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners, appoint evaluator for DDA and forward the procedure of appointing foreign strategic partner.

Presently, the bank has a paid-up capital of Rs 8.13 billion that will reach Rs 9.35 billion after the bonus share distribution.

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