Book Closure: KIST Bank

The BOD meeting of the company dated 2066-07-05 has decided to hold Annual General Meeting on 14^th November 2009 (2066 Kartik 28) where it will propose 1:1.5 Right Share and 3.50% Cash Dividend. After the issue of proposed right share the company will hold of Rs. 5 billion paid up capital and will be the first bank with titanic paid up capital in Nepalese Financial Institutions. The company has announced book closure for it upcoming AGM from 2066 Kartik 13 to 18.

According to the fourth quarter financial report of the bank, it has earned Rs. 88.376 million net profit and Rs. 136.863 millions as operating profit. It has Rs. 2 billions as paid up capital and holds Rs. 113.832 millions in its reserve and surplus. Likewise, the bank has NPL to total loan 0.20 percent and total loan loss provision to NPL stands at 546.90 percent.