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Everest Bank Approves 15 Percent Dividend at 32nd AGM

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Compiled by Tiroom AI from 15 sources
Board members and executives of Everest Bank seated at the head table during the 32nd annual general meeting.
Setopati
AI Overview

Everest Bank Limited has approved a total dividend of 15 percent for the fiscal year 2082/83 during its 32nd annual general meeting held in Kathmandu. The distribution comprises a 5 percent bonus share alongside a 10 percent cash payout, with the cash component covering tax obligations tied to the bonus equity.

To accommodate the expanded paid-up capital resulting from the newly issued bonus shares, shareholders passed a special resolution amending the bank's memorandum and articles of association.

The assembly also approved the lender's annual financial accounts and auditor's report for the 2082/83 fiscal year. Additionally, attendees endorsed the appointment of G.P. Rajbahak & Co. to serve as the institution's external statutory auditor for the 2083/84 financial year.

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  1. AI Overview

    Everest Bank's 32nd annual general meeting has endorsed a 15 percent dividend, split into 5 percent bonus shares and 10 percent cash, for the fiscal year 2082/83.

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