The fourth annual general meeting (AGM)
of Civil Bank Ltd has approved 8.5 percent dividend to its shareholders
as proposed by the bank´s board of directors (BoD). The AGM held in
capital on Friday decided to provide 7 percent bonus shares and 1.5
percent cash dividend to the bank´s shareholders.
The AGM also endorsed the proposal to nominate Rita Devi Shrestha and Binod Lal Shrestha to the bank´s BoD from promoters.
Issuing a statement on Friday, the bank expressed commitment to continue with the strategy of offering technologically advanced, secured, efficient and quality banking products and services to its customers.
Civil Bank mobilized Rs 23.54 billion in deposits and extended loans and advances worth Rs 21.55 billion as at the end of second quarter of 2014/15. The bank earned Rs 176.9 million net profit during the review period, according to the statement.
Following the merger with Axis Development Bank Limited and Civil Merchant Bittiya Sanstha Limited last year, the bank´s paid-up capital has reached Rs 2.698 billion.
source: republica,25 jan 2015
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The AGM also endorsed the proposal to nominate Rita Devi Shrestha and Binod Lal Shrestha to the bank´s BoD from promoters.
Issuing a statement on Friday, the bank expressed commitment to continue with the strategy of offering technologically advanced, secured, efficient and quality banking products and services to its customers.
Civil Bank mobilized Rs 23.54 billion in deposits and extended loans and advances worth Rs 21.55 billion as at the end of second quarter of 2014/15. The bank earned Rs 176.9 million net profit during the review period, according to the statement.
Following the merger with Axis Development Bank Limited and Civil Merchant Bittiya Sanstha Limited last year, the bank´s paid-up capital has reached Rs 2.698 billion.
source: republica,25 jan 2015
LINK
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