Himalayan Bank to distribute Bonus Share

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Himalayan Bank to distribute Bonus Share

January 16: Himalayan Bank Limited has decided to distribute bonus share and cash dividend to its shareholders. The decision was approved by the 26th Annual General Meeting of the bank held in the capital on Monday, January 14.

The bank said in a statement that the AGM chaired by the bank’s chairman Manoj Bahadur Shrestha declared five percent bonus share and 10.78 percent cash dividend on the paid-up capital to the shareholders. After issuance of the bonus shares, the bank’s paid-up capital will be Rs 8.52 billion.

Shrestha presented the bank's annual report for the fiscal year 2017/18. Presenting the report, Chairman Shrestha stated that the bank is continuously improving its services because of the trust of its valued customers and creative effort of the management.

Highlighting the bank’s various activities, Chairman Shrestha stated that the bank aims to open six new branches. He added that the bank will install additional ATMs in various parts of the country in the current fiscal year.

According to Shrestha, the bank will complete 26 years of service on January 18.      

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