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Bank's 38th AGM: Leadership Change Along with Financial Success

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Nepse trading

Bank's 38th AGM: Leadership Change Along with Financial Success

On Falgun 15, 2080, Nepal Investment Mega Bank conducted its 38th Annual General Meeting for the fiscal year 2080/81. The meeting saw the unopposed election of four institutional group members—Prithvi Bahadur Pande, Dipankar Shakya Uday, Prajanya Rajbhandari, and Madan Kumar Acharya—and the election of Kavi Kumar Tibrewala and Shalik Ram Belbase from the general shareholders' group to the board. The bank reported a net profit of NPR 4.11 billion. Deposits increased by NPR 46.58 billion to NPR 4.07 trillion, and loans rose by NPR 6.10 billion to NPR 3.18 trillion. With 272 branches, it serves over 3.2 million customers.

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    ALICL Asian Life Insurance to Issue Rights Shares at 1:0.42 Ratio Kathmandu — Asian Life Insurance Company Limited has received approval from the Securities Board of Nepal (SEBON) to issue rights shares at a 1:0.42 ratio. The company will issue a total of 14,279,312.48 units of ordinary shares at a par value of Rs. 100 per share. This means shareholders will be entitled to receive 0.42 units of rights shares for every 1 unit they currently hold. The purpose of this issuance is to strengthen the company’s capital base and support future expansion and operational plans.

    NEPSE trading

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    9 May, 2025