Kumari Bank convenes its 19th AGM

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Kumari Bank convenes its 19th AGM

September 30: Kumari Bank Limited convened its 19th Annual General Meeting (AGM) at Naxal Banquet, Kathmandu on September 28.

The bank said in a statement that it issued 10 percent bonus shares and 0.526 percent cash-dividend to offset the levied tax on the issued bonus-dividend for the FY 2075/76 on its total paid-up capital, in favor of its shareholders.

According to the bank, its paid-up capital has reached Rs 9.55 billion after issuing the bonus share.

The bank’s total deposit and total loan have reached Rs 84.40 billion and Rs 76.98 billion respectively as of mid-April 2019. During the review period, the bank said it earned an operating profit of Rs 1.73 billion and net profit of Rs 1.23 billion, respectively.

 The bank has been providing its services with a network of 107 branches, 93 ATMs, three extensions counters and eight branchless banking facilities across the country.


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