Press Release

EBL’s 29th AGM issued a press release regarding the passing of dividend

October 17, 2023

The 29th Annual General Meeting of Everest Bank Limited (EBL) was held on 2080-06-30.

The general meeting approved the financial statement, balance sheet, profit and loss account, cash flow statement, and annual report for the same time, as well as the auditor’s report.

For the fiscal year 2079-80, the general meeting approved a resolution to distribute 10 %  bonus shares and 10.53 % cash dividend (including bonus share tax) to shareholders.

As the present issued and paid-up capital will increase when the bank distributes the planned bonus shares, the general meeting approved a motion to alter the memorandum of association to enhance the issued and paid-up capital.

The general meeting of the bank has unanimously passed the decision to appoint Mr. N. Amatya & Co., Chartered Accountants as auditors for the year 2080-81.