Kathmandu. The 27th Annual General Meeting of NIC Asia Bank Limited has concluded.
The 27th Annual General Meeting of the bank discussed and approved the report of the Board of Directors for the fiscal year 2080/81, the auditor’s report, the balance sheet, profit and loss account and cash flow statement up to the end of Ashadh 2081, and also passed a proposal to make timely amendments and additions to the bank’s Articles of Association and Regulations.
In addition, the Board of Directors has also passed a proposal to issue NIC ASIA Perpetual Non-Cumulative Preference Shares worth 5 billion at the rate of Rs. 100 per share, after obtaining the necessary approval from the concerned bodies.
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