Mega Bank has approved approximately 14% bonus share and 65% right shares

Mega Bank Nepal Limited is distributing approximately 14% bonus share from the profit of fiscal year 2072/73, said a press release. The 6th Annual General Meeting of Mega Bank Nepal Limited which was conducted on Thursday in Kathmandu approved 13.25% bonus share and 0.70% cash dividend for the tax purpose on same. The AGM has announced 13.25% on the Bank’s current paid-up capital i.e. NPR 531.6 million and 0.70% has been allocated as cash dividend for the tax purpose from the retained earnings of the Bank upto FY 2072/73. The Chairman of the Bank Bhoj Bahadur Shah said “To be able to provide such returns within a short duration of time is definitely an achievement for the entire Mega Team”. Moreover, this AGM has also approved 65% right shares which will benefit approx. 1 Lakh 40 thousand shareholders. The Bank has created encouraging benchmark in 6 years of its operation. In Deprived Sector the Bank has provided loan to approximately 21,000 customers. The Chairman said “The Bank has been established by 1219 promoters from 63 different districts with the vision and mission of being the Banker of every Nepali, from Halo to Hydro (Plough to Power). Now, the Bank has approx. 1 Lakh 40 thousand shareholders including public shareholders. Moreover, the merger with Paschimanchal Development Bank Limited has also expanded the Bank’s network.