Kathmandu, Dec 26-
The paid-up capital of Nepal Investment Bank Ltd (NIBL) has reached Rs 4.14 billion after its shareholders approved a bonus share distribution proposal, the bank said in a statement on Thursday.
The bank´s 27th annual general meeting held in the capital on Thursday passed a proposal to allow the bank to distribute 10 percent bonus shares to shareholders from the net profit of Fiscal Year 2012/13, it said.
NIBL now is the bank with the highest capital base, which is twice the minimum capital base advised by Nepal Rastra Bank (NRB), amongst the private sector banks in the country, the banks said.
On Thursday, NIBL reported an operating profit of Rs 3.10 billion for Fiscal Year 2012/13 while its net profit grew by 84.3 percent to reach Rs 1.91 billion against the previous fiscal year´s figures of Rs 1.03 billion.
The bank´s 27th annual general meeting held in the capital on Thursday passed a proposal to allow the bank to distribute 10 percent bonus shares to shareholders from the net profit of Fiscal Year 2012/13, it said.
NIBL now is the bank with the highest capital base, which is twice the minimum capital base advised by Nepal Rastra Bank (NRB), amongst the private sector banks in the country, the banks said.
On Thursday, NIBL reported an operating profit of Rs 3.10 billion for Fiscal Year 2012/13 while its net profit grew by 84.3 percent to reach Rs 1.91 billion against the previous fiscal year´s figures of Rs 1.03 billion.
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