May 10: Kumari Bank has decided to issue 21.25 percent bonus shares (12.75 percent bonus shares for FY 2073/74 and 8.50 percent bonus shares for the 2074/75) to its shareholders. The 17th and 18th Annual General Meeting (AGM) of the bank jointly held on May 9 approved the decision of the bank to issue the bonus shares.
The paid-up capital of the bank is expected to reach Rs 8.68 billion after issuing the bonus shares.
The total deposit of the bank as of Chaitra 2075/76 is Rs 77.29 billion and the loan provided by the bank is Rs 73.24 billion.
Meanwhile, the bank said its operating profit so far has been Rs 1.42 billion and the net profit Rs 1.00 billion.
The bank has been providing its services with a network of 88 branches, 83 ATMs, three extension counters and three branchless banking facilities across the country.