| October 24, 2018

Civil Bank to give 6.75 percent bonus shares

REPUBLICA (KATHMANDU) : The 5th Annugal General Meeting (AGM) of Civil Bank Ltd has approved the bank's board of directors proposal to distribute 6.75 percent stock and 0.335 percent cash dividend (for tax purpose) to its shareholders from the profit generated in Fiscal Year 2014/15. Issuing a statement, the bak said its paid-up capital will reach to Rs 3.08 billion after the issuance of bonus shares. "The AGM also approved the proposal to convert 8.68 percent of promoter's shares into public shares which will change our shareholding structure to 51 percent promoter's shares and 49 percent public shares," the statement added.