Nepal Investment Mega Bank Skips Dividend Distribution for Last Fiscal Year

GP Chudal


Nepal Investment Mega Bank Announces Strategic Move: Skips Dividend Distribution for Last Fiscal Year

Published: Feb 2, 2024
In a pivotal decision, Nepal Investment Mega Bank (NIMB) has chosen to forgo dividend distribution for the last fiscal year. The board of directors convened on February 2, reaching a consensus to skip the dividend distribution for strategic reasons.

Furthermore, during the meeting, it was decided to submit the financial reports to the Nepal Rastra Bank (NRB) for approval, underscoring the bank's commitment to transparency and regulatory compliance.

This strategic move by NIMB reflects a thoughtful approach to financial management, emphasizing the bank's dedication to long-term stability and prudent decision-making. The impact of this decision and its implications for the banking sector will undoubtedly be closely monitored in the coming months.

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