Kathmandu. The 32nd Annual General Meeting of Everest Bank has concluded. The meeting has approved the dividend proposed to the shareholders from the profits of the financial year 2082/83.

The meeting unanimously approved the proposal of the Board of Directors to distribute 5 percent bonus shares and 10 percent cash dividend (including tax) to the shareholders. The meeting also approved a special proposal to amend the memorandum of agreement as the paid-up capital of the bank will increase after the issuance of the proposed bonus shares.

The meeting also discussed and passed the annual report of the financial year 2082/83 along with the auditor’s report. In addition, the proposal to appoint ‘Mr. G.P. for the audit of the coming fiscal year 2083/84’. The meeting also unanimously passed the proposal to appoint Rajbahak & Co. as the auditor.