The board of directors of Nepal Industrial & Commercial Bank Limited (NICB) has decided to recommend distribution of 15 percent bonus shares and 0.79 percent cash dividend to its shareholders for fiscal year 2008/09. The recommendation will be made at the bank´s annual general meeting and be forwarded to Nepal Rastra Bank for approval, the bank said in a statement Wednesday.
NIC Bank, which was established in July 1998, now has eight branches inside the Kathmandu Valley and 14 outside it. The bank´s corporate office is in Kamaladi, Kathmandu.
Source:Republica
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Tuesday, November 3, 2009
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