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NIBL Holds 33rd AGM

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NIBL Holds 33rd AGM

January 14: The thirty-third Annual General Meeting of Nepal Investment Bank Limited (NIBL) held on Monday (January 13) decided to distribute 19 percent dividend, 10.5 percent stock dividend (bonus shares) and 8.5 percent cash dividend, on its total paid-up capital to the shareholders.

The bank informed that it had earned an operating profit of Rs 4.13 billion with its  net profit for fiscal year 2075/76 standing at Rs 3.32 billion.

The bank has over 1 million customers, 82 branches, 16 extension counters, 10 revenue collection counters and 57 branchless banking outlets across the country. It also has a network of 124 ATMs.

The meeting was held at the National Assembly Hall, Kathmandu and was chaired by Prithvi Bahadur Pande, chairman of NIBL.

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