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Mega Endorses Bonus and Right Shares

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Mega Endorses Bonus and Right Shares
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March 17:  The 6th annual general meeting of Mega Bank has endorsed a proposal of distributing 13.25 per cent bonus share, 0.70 per cent cash dividend and 65 per cent right shares.

Anil Keshari Shah, CEO of the bank informed about the present scenario and future workpolicy of the bank in the meeting held on Army Officers Club Bhadrakali. In a bid to meet the paid-up capital limit of Rs 8 million as per the NRB directive, the bank will distribute bonus share, issue right shares and forward the process of merger with Tourism Development Bank, he informed. Recently, after merging Pachimanchal Development Bank into it, the bank started to provide its services through 45 branches. Moreover, the bank is preparing to start additional 10 branches after obtaining approval from NRB, he added. Presently, the bank has paid-up capital of Rs 4.01 billion. The bank earned Rs 370.9 million profit in the second quarter of the current FY. 

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