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Tuesday, November 17, 2009

1: 1.5 Right Shares: Sanima Bikash Bank

The BOD meeting of Sanima Bikash Bank scheduled on 16th November 2009 (2066 Mangsir 1) has decided to propose 1:1.5 right share subject to approval from NRB and its upcoming AGM.

Earlier, the BOD meeting has also proposed to provide 5% bonus shares from the profit of fiscal year 2008/09, on approval from Company's upcoming AGM and Central Bank of Nepal.

According to the bank's fourth quarter financial report (2065/66), it has earned Rs. 57.988 million net profits and Rs. 79.378 millions operating profits. It has 766.766 million paid up capital and Rs. 105.044 million in its reserve and surplus.

Source:
Jamb News Service

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