Nepal Bank Conducting its 58th AGM today

Nepal Bank Ltd. is conducting its 58th AGM today at Nepal APF Club, Halchowk, Kathmandu. 

The shareholders' book remained closed from 9^th Falgun to 25^th Falgun. The main agenda in the AGM the approval of FPO. Company plans to float an FPO worth Rs 1.76 arba in the market which will decrease government holding to 51%.

Nepal Bank is the first bank operating in Nepal. The bank had earned a net profit of Rs 1.63 arba as of 2^nd quarter 2074/75.

NBL has networth of Rs 162.76. The bank has a high NPL of 3.23%. The bank currently has a paid-up capital of Rs. 8.04 arba. After FPO issue, the bank capital will surge to 9.81 arba. 

The bank was last traded at Rs 337 in the stock exchange.