Lumbini Bikas Bank's 16th AGM approved 8.5 percent dividend

KATHMANDU:Lumbini Bikas Bank Limited has concluded its 16th Annual General Meeting. The General Assembly approved the annual report for FY 2079/80 and appointed an auditor for FY 2080/81. It has also approved a plan to pay the bank's shareholders an 8.50 percent dividend, which includes a 4.50 percent cash dividend and 4.00 percent bonus shares.

In the 16th annual general meeting led by the bank's chairman of the board of directors, Chintamani Bhattarai, Chairman and CEO Naresh Singh Bohra answered shareholders' questions about the annual report for the fiscal year 2079/80.

Lumbini Bikas Bank Limited, which has branches in all seven provinces of the country, has opened 89 branch offices and one extended branch (extension counter) in diverse locations.

Lumbini Bikas Bank Limited has been delivering safe banking services with high quality, modern, and cutting-edge technologies under the slogan "Continuous Journey" since 2008.

To maximize profits for customers, the bank has devised a special plan that pays interest on fixed deposit accounts on a "monthly" basis.