Cash Dividend of Fewa Finance

The BOD meeting of the company dated 2067/06/13 has decided to give 15.79% cash dividend subject to approval from NRB and its upcoming AGM.

Source: 
nepalstock.com

Fewa Finance expands to Bagar

Fewa Finance Limited opened a new branch at Bagar in Kaski on Sunday. Sushil Gauchan, chairman of the company, inaugurated the new branch, Fewa Finance said in a statement. With the branch at Bagar, Fewa Finance now has a network of seven branches in Pokhara, Kathmandu and Jomsom. The company claims to have given away 84 percent cash dividend to its shareholders. The company aims to provide its customers with ATM facilities and convert itself into a development bank in the near future, according to the statement.

Source: myrepublica

Fewa savings account

KATHMANDU: Fewa Finance Limited has started Fewa senior citizen savings account from November 2 onwards. According to Fewa CEO Resham Bahadur Thapa, senior citizens above 55 years can open their accounts with Rs 500 upwards and will be provided interest at the rate of 8.50 per cent. He added that they can withdraw any digit amount and save as well. The paid-up capital of the company is Rs 270.30 million and it is soon going to be upgraded to a national level bank.

HNS