KATHMANDU

Nepal Credit and Commerce (NCC) Bank’s proposed dividend has been passed. The bank’s 23rd annual general meeting held on January 26 passed the 10.81 percent dividend proposal of the board of directors.In the meeting, it was proposed to distribute 10.2695 percent bonus shares and 0.5405 percent cash for tax purposes while issuing the bonus shares and distribute 10.81 percent dividend. After the 10.2695 percent bonus share passed by the meeting, the paid up capital of this bank will reach Rs. 10.31 billion.

Similarly, the assembly has elected three members from the founding group “A” and three members including one woman from the general group “B” without any objection.Also,Upendra Keshari Neupane has been unanimously elected as the chairperson from the meeting of the directors held after the general meeting. Mohan Bahadur Basnet and Iman Singh Lama have been elected as directors from Group A while Chandra Prasad Bastola, Suman Kumari Joshi and Nishesh Pradhan have been elected from Group B.

At present, the bank is providing quality service to its customers by operating 127 branches and 102 ATMs in all the seven states. The bank has mobilized Rs. 79.61 billion in deposits and disbursed Rs. 67.81 billion in loans in the fiscal year 2076/77. And, the net profit has earned Rs 1.10 billion.