Civil Bank offers 5.75pc cash dividend

Civil Bank has declared a 5.75 percent cash dividend to its shareholders. The bank said in a statement its operating profit stood at Rs 121.32 million for the fiscal year 2012-13. The bank’s annual general meeting also elected Ghanendra Bahadur Shrestha, Mitra Lal Shrestha and Sangam KC as directors.

The bank said it also received a letter of intent from the Nepal Rastra Bank for its merger with Axis Development Bank and Civil Merchant Bittiya Sanstha. The bank said its paid-up capital will be Rs 2.71 billion after the merger.

source: the kathmandu post,9 jan 2014
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