AGM of NMB Microfinance

15 Janaury 2021, Kathmandu

NMB Microfinance Institutions (NMBMF) approved a dividend of 20 percent on Monday at the eighth Annual General Meeting of Shareholders.

The General Assembly was held on Monday under the chairmanship of Sajib Subba, Chairman of the Board of Directors. And Chief Guest as Ishwori Prasad Bhattarai, Chief of the Nepal Rastra Bank.

As proposed by the Board of Directors of the General Assembly. A resolution was adopted to allocate the amount at the rate of one percent of the current paid-up capital in the form of a cash dividend of Rs.45,36,175 (for tax purposes of bonus shares only).

A proposal was also made to issue incentive shares equal to Rs. 86.187 million, which is 19 percent of the current paid-up capital of Rs. 453.617 million.

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