Bonus Share of Machhapuchchhre Bank Endorsed

May 9: 17^th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.

Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present.