NIC Asia Bank Concluded its 18th Annual General Meeting

NIC Asia Bank Concluded its 18th Annual General Meeting

Jan. 25, 2016, 5:45 p.m. Published in Magazine Issue: Vol:09,No 13 January 22, 2016 (Magh 8,2072)

NIC Asia Bank Ltd organized its 18th Annual General Meeting (AGM) in Biratnagar on Sunday.

Issuing a statement, the commercial bank said the approved a proposal to distribute 39 percent bonus shares and 2.05 percent cash dividend (for tax purpose) to its shareholders from the net profit it earned in last fiscal year 2015/16.

Similarly, the AGM also approved the proposal to issue 4:1 rights shares to its shareholders, the commercial bank said in the statement.

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