City Development Bank endorses 22.5% bonus share; 30% rights shares in the offing

City Development Bank Limited has approved of 22.5 percent bonus share from the net profit it registered in the last fiscal year 2069/70.

The seventh AGM of the development bank held yesterday also decided to issue 30 percent rights share once its paid-up capital surges to Rs 30.8 crore after the distribution of the bonus shares.

City Development Bank profit rises by 151% in Q1 2070

City Development Bank Limited has stated that it has posted a huge profit of almost three times in the first quarter of the current fiscal year 2070/71 compared to the corresponding quarter last year.

City Development Bank, Gandaki Bikas Bank, Om Finance announced Profit of FY 2069/70

Om Finance earned a profit of Rs 12 crore 78 lakh while attracting deposits of Rs 3 arba 73 crore and extending loans of 3 arba 24 crore. The finance’s net profit stood at Rs 8 crore 13 lakh.

City Development Bank has reported an operating profit of Rs 11 crore 25 lakh and deposits of Rs 2 arba 97 crore and loans of Rs 2 arba 30 crore.

Gandaki Bikas Bank has announced an operating profit of Rs 9 crore 5 lakh, while pulling in Rs 2 arba 50 crore in deposits and dispensing Rs 2 arba 14 crore as loans.

Meanwhile, Surkhet branch of Rastriya Banijya Bank has said that its profit increased by 57 percent, deposit by 82 percent and loans by 62 percent.
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