18 August 2024, Kathmandu

Nabil Bank has announced the closure of its shareholder register book on August 23, 2024, in preparation for its upcoming Special General Meeting (SGM) scheduled for September 12, 2024.

Nabil Bank Meeting on Capital Increase

This decision was made during the board of directors’ meeting held on August 11, 2024.

The one-day book closure on August 23 will ensure that shareholders registered by that date are eligible to participate in the SGM. The primary agenda of the meeting will be the proposed increase in the bank’s primary capital. The board of directors has put forth a proposal to raise the primary capital by 8%, a move that is expected to strengthen the bank’s financial foundation and support future growth initiatives.

The proposed capital increase reflects Nabil Bank’s strategic plan to enhance its capital base in line with regulatory requirements and market conditions. This move is likely to bolster the bank’s capacity to expand its operations, improve its competitive position, and sustain its growth trajectory in the increasingly dynamic banking sector.

The SGM will provide a platform for shareholders to discuss and vote on this crucial proposal, which could have significant implications for the bank’s future performance. As the date approaches, stakeholders are advised to keep an eye on further announcements from the bank regarding the details of the meeting and the proposed capital increase.

Nabil Bank’s decision to close the shareholder register and convene a special meeting underscores its commitment to maintaining transparency and engaging with its shareholders on key financial decisions. The outcome of the SGM will be closely watched by investors and market analysts as it could set the tone for the bank’s strategic direction in the coming years.

Nabil Bank Meeting on Capital Increase