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Everest Bank to Issue 33 Percent Bonus Share

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Everest Bank to Issue 33 Percent Bonus Share
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January 15: The annual general meeting (AGM) of Everest Bank has approved issuance of 33 percent bonus share along with 1.74 percent cash dividend, which will raise the paid-up capital of the bank to more than Rs 8 billion.

During the AGM, the informed that it launched five new branches and five extension counters across the country. Issuing a press statement, the bank said that the new branches have been opened at Pipra (Mahottari), Biruwa (Syangja), Dupcheshwar (Nuwakot), Bansgadi (Bardiya) and Shikhar (Doti) while the new extension counters have been set up at Biratchowk (Morang), Fikkal (Ilam), Garuda (Rautahat), Lamki (Kailali) and Jhalari (Mahendranagar).

“As a part of its effort to continuously upgrade skills of its workforce, the bank also inaugurated EBL Training Academy at its head office in Lazimpat along with new e-learning mobile App “Saraswati”, reads the statement.

The AGM also approved the audited balance sheet and NFRS balance sheet for last fiscal year.

The bank said it also released the first annual book named “Pratibimb” to mark its 23rd anniversary.

Presently, the bank is providing services through its network of 69 branches, seven extension counters, 28 revenue collection counters, 95 ATMs and many correspondents across the globe. The bank informed that it is shortly opening 11 new branches.

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