In a strategic move prioritizing financial stability, Nepal Investment Mega Bank Limited (NIMB) has declared a noteworthy decision in its 598th Board Meeting held on Magh 19, 2080. The bank has chosen not to distribute dividends for the Fiscal Year 2079/80. This prudent decision reflects NIMB’s commitment to fortifying its financial reserves and aligning with industry dynamics. While awaiting approvals from Nepal Rastra Bank and the imminent Annual General Meeting, NIMB’s decision underscores its focus on maintaining a robust financial foundation, ensuring sustained growth, and fortifying its position in the banking sector.
Highlights:
- Wean Nepal Laghubitta: No Dividend Distribution for FY 79/80
- Prabhu Bank (PRVU) Decides Against Dividend Distribution for FY 2079/80
- Nepal Life Insurance: No Dividend Distribution for FY 2078/79
- LICN Announces No Dividend Distribution for FY 2079/80
- Kisan Laghubitta (KLBSL) Opts Not to Distribute Dividend for FY 79/80