The 90th BOD meeting of the company held on 13th September 2009 (2066 Bhadra 28) has decided to propose 2:1 rights share for its capital increment which is subject to approval from NRB & its upcoming AGM. BOD has also decided to amend its Memorandum of Association for adjustment of capital structure of the Bank.
According to the fourth quarter financial report of the bank, it has earned Rs. 30.488 million net profit for fiscal year 2065/66 along with Rs. 64.750 million operating profit. It has 1 billion paid up capital and holds Rs. 22.621 million in its reserve and surplus.
(Source: Jamb News Service)
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