November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders. Issuing a press statement, the bank said that its paid-up capital will rise to more than Rs 8 billion after issuing the shares. However, the issuance of 33 percent  bonus share is subject to approval of Nepal Rastra Bank and the shareholders in the ensuing Annual General Meeting, reads the statement. The board meeting also approved the audited balance sheet and NFRS balance sheet of the last fiscal year. The bank said it is rendering services through its network of 64 branches, two extension counters, 28 revenue collection counters, 94 ATMs and many correspondents across the globe. The bank also announced that it is shortly opening 16 new branches and five extension counters.