Civil Bank approves to issue 7 pc bonus shares, 1.50 pc cash dividends to shareholders
Civil Bank Limited Chairman Ichchha Raj Tamang inaugurates the bank’s 4th annual general meeting that kicked off at Tribhuvan Army Officers’ Club, Sundhara in Kathmandu on Friday, January 23, 2015.
Civil Bank Limited has decided to issue 7 percent bonus shares and 1.50 percent cash dividends to its shareholders.
The bank’s 4th annual general meeting has approved the decision held at Tribhuvan Army Officers’ Club, Sundhara in Kathmandu on Friday, January 23, 2015.
The bank has made a net profit of Rs 238,099,256 (after tax) during the financial year 2014/15, according to the bank.
Post-merger, the Bank’s paid-up capital has reached Rs 2.698 billion, said the bank’s Chairman Ichchha Raj Tamang.
The bank had merged with Axis Development Bank Limited and Civil Merchant Bittiya Sanstha Limited and started joint operations from 14th April 2014.
Civil Bank has been able to collect total deposits of Rs 23.54 billion, extend loans and advances of Rs 21.55 billion and generated the net profit of Rs 176.9 million at the end of second quarter of current fiscal year.
So far, the bank has extended 41 branches, 9 branchless banking networks and 32 ATM’s across the country.
