International Leasing and Finance Limited have concluded its 14th annual general meeting at United World Trade Center on 13th January 2010 (2066 Poush 29). The AGM has approved 26.62% cash dividend to its shareholder from the profit of fiscal year 2065/66. Earlier, the bank has issued right share in the ratio of 1:2.1.
The bank has current paid up capital of Rs. 648 million and after the issue of right share it will fulfill Rs. 2 billion required to upgrade to the commercial bank. During the fiscal year 2065/66, the finance company has earned Rs. 81.641 million operating profit and Rs. 223.702 million net profit. The surge in net profit was primarily due to sell of land of Rs. 267.839 million.
Source:Jamb News Service
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