Civil bank annual general meeting

Civil Bank has convened its 11th Annual General Meeting on January 12. The meeting will start at 11 am at Amrapali Banquet, Baluwatar, Kathmandu. The bank has stated that one can also participate in the meeting through virtual medium. A proposal to distribute 0.26% cash dividend to pay 5% bonus share tax from last year’s profit is being tabled in the meeting. The meeting has put forward an agenda to give full authority to the board of directors in case of merger or acquisition agreement with any bank or financial institution.

Wealth, profit and loss and cash flow of the Fiscal Year 2077-78 will be discussed. An agenda has also been set for the fiscal year 2078-79 by appointing an auditor and fixing the remuneration. For the purpose of the meeting, the bank will close the book on January 6. The existing shareholders will be able to secure the dividend only till December 6.

11th Annual General Meeting of Civil Bank