SCBNL’s dividend

KATHMANDU: Standard Chartered Bank Nepal Ltd’s (SCBNL)22nd AGM on Tuesday approved 80 per cent cash dividend and 50 per cent bonus share. The bank’s has posted Rs 818.9 million net profit for the fiscal year 2007-08, a growth of 18.4 per cent in comparison to the previous year, states a press release. The bank has also posted a growth of 20.68 per cent in its deposit at Rs 29.744 million for 2007-08. — HNS

NMB, NLGIC ink pact

KATHMANDU: Upendra Poudel, CEO of NMB Bank Ltd and Bijay Shah, CEO of NLG Insurance signed an agreement on providing insurance through the bank. According to the MoU, the insurance of collateral will be easy, states a press release. — HNS

EBL approves bonus

KATHMANDU: Everest Bank Ltd (EBL), a joint venture with Punjab National Bank, India, during its 14th AGM approved the declaration of 30 per cent bonus shares and 20 per cent cash dividend. It also approved the financial statements ending on Asadh 31, states a press release. It has posted net profit of Rs 451.2 million after providing provisions for income tax and statutory provisions. — HNS

NCCCI holds meeting

KATHMANDU: Rajesh Kaji Shrestha, president of Nepal China Chamber of Commerce and Industry (NCCCI) during the meeting with Qui Gouhong, ambassador of China insisted on developing business and economic relations between the two countries. Nepal can minimise around Rs 16 billion trade deficit, if China increases its investment in Nepal, NCCCI urged. — HNS

IME opens branch

KATHMANDU: IME Financial Institution opened its second branch office at Kamal Nagar Chowk, Narayangarh. According to a press release, it will grant opportunity for the customers willing to start their business in the agriculture and other business sector as well. — HNS

FNCCI concerned

KATHMANDU: FNCCI expressed its serious concern over the bomb blast at the shop of president of Malangwa Chamber of Commerce and Industry Rangalal Agrawal. FNCCI demands for immediate action against the activity and urge to establish peace and security in the industrial sector. — HNS