Nabil Bank Limited’s 41st Annual General Meeting (AGM), held on Monday under the chairmanship of Upendra Prasad Paudel, approved a 12.50% cash dividend from the bank’s profits for the fiscal year 2081/82.
During the AGM, Anil Keshari Shah was elected unopposed as a director representing the founder shareholders on the bank’s board of directors.
Meanwhile, the bank’s 699th board meeting, also held on Monday, decided to appoint Nirvan Kumar Chaudhary as the new chairman of Nabil Bank. He will assume his responsibilities after taking the oath of office from Nepal Rastra Bank.
The bank noted that outgoing chairman Upendra Prasad Paudel successfully completed two terms. Under his leadership, the bank achieved notable milestones in sustainable banking, strengthened team building, advanced digital transformation, promoted sustainable banking practices, and successfully managed initiatives such as the Nabil School of Social Entrepreneurship (Nabil SSE) and key merger processes.
In the current fiscal year 2082/83, Nabil Bank issued a new capital instrument named “Nabil 85 Non-Convertible Undistributed Preference Shares”, consisting of 50 million units at Rs 100 per share, totaling Rs 5 Arba. The bank stated that this issuance will strengthen its capital base, enhance risk-bearing capacity, and support further business expansion through additional Tier 1 capital.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
