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Wednesday, November 12, 2014

Kumari Bank to distribute 33 per cent bonus shares

Kathmandu, Nov 12: The Kumari Bank Ltd has decided to distribute 33 per cent bonus shares to its share holders.

The 14th annual general meeting of the Bank held today under the chairmanship of Noor Pratap J B Rana, Chairman of the Bank, took the decision in this regard.

The paid-up capital of the Bank has reached Rs 2.43 billion in the fiscal year 2070/71 BS year from Rs 1.82 billion in the fiscal year 2069/70 BS.

The Bank had mobilized Rs 25.31 billion deposit in the previous fiscal year and Rs 27.57 billion deposit in the last fiscal year.

Similarly, the Bank recorded a net profit of Rs 341 million in the last fiscal year.  The Bank has 25 branches outside the Kathmandu valley and nine in the valley with two extension counters and 40 ATM booths. RSS

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