The 24th Annual General Meeting of Nepal Credit and Commerce Bank Ltd. has concluded under the chairmanship of Mr. Upendra Keshari Neupane, Chairman of the Board of Directors of the Bank.
The general meeting approved an 8 percent bonus share from the profit of the fiscal year 2021/22 and a cash dividend of 0.42% of paid-up capital for tax purposes when issuing bonus shares.
The distribution proposal has been passed unanimously.
After the distribution of the 8 percent bonus shares passed by the meeting, the bank's paid-up capital will reach 11,139,678,014.
Pradhan & Shakya Associates, Chartered Accountants have been selected for the auditing work of the Fiscal Year.
In the Fiscal Year 2021/22, the Bank operated with Rs 110.8 billion in deposits and Rs 98.32 billion in loans.
Furthermore, after taxes and bonuses, the bank has earned Rs. 1.33 billion in net profit.
NCC Bank, which has a nationwide branch network, has 137 branches and 12 extension counters in all seven states. It has been providing quality service to the customers by operating 114 ATM booths as well.