Pokhara, Nepal — Muktinath Bikas Bank Limited (MNBBL) successfully held its 29th Annual General Meeting (AGM) on 15th Kartik 2082 in Pokhara.

During the meeting, the bank’s shareholders approved the annual report for FY 2080/081 and endorsed a total dividend of 18.20%, consisting of 13.53% bonus shares and a 4.67% cash dividend.

Key decisions from the AGM included:

• Increasing the paid-up capital to NPR 9,000,388,767.11
• Amending relevant bylaws to align with upcoming strategic plans
• Authorizing the Board of Directors to begin procedures for upgrading MNBBL to a commercial bank as per Nepal Rastra Bank regulations
• Appointing external auditors for FY 2082/083

The event featured addresses from the Chairman, Board Members, and Chief Executive Officer, who highlighted the bank’s achievements, future growth strategies, and commitment to innovation in financial services.

Shareholders’ queries regarding the annual report were thoroughly addressed during the session, reflecting the bank’s dedication to transparency and shareholder engagement.

With this AGM, Muktinath Bikas Bank reaffirmed its mission to strengthen its financial position and pursue sustainable growth as it prepares for its next phase as a commercial bank.