BoK’s 14th AGM

KATHMANDU: Bank of Kathmandu’s (BoK) 14th annual general meeting (AGM) on Sunday approved 40 per cent bonus shares and 2.11 per cent cash dividends. During the fiscal year 2007-08, the bank’s net profit rose by 37.79 per cent in comparison to the last fiscal year. Total deposits at the end of the fiscal year 2007-08 reached Rs 15.83 billion, an increase of 27.81 per cent in comparison to last fiscal year. Loans & advances increased by 31.50 percent to a total of Rs 12.75 billion at the end of the fiscal year while non-performing loans (NPLs) came down to 1.86 percent from 2.51 percent. — HNS

Cooperative’s AGM

KATHMANDU: Samul Savings and Credit Cooperative Company Ltd concluded its annual general meet (AGM) on Saturday. According to a press note, the AGM decided to increased the cooperative’s share capital to Rs 50 lakh from Rs 10 lakh. —HNS

Drop in revenue

PARSA: Birgunj customs office could not meet the revenue target in the month of Mangsir. It collected Rs 780 million as against a target of Rs 980 million. Office chief Kebal Prasad Bhandari said reduced imports and high target were the reasons behind it. Though the target for the month was 780 million, the government raised it in its budget speech. Target for Poush is also Rs 980 million. — RSS