Kathmandu, September 29:

Today, Nabil Bank held its 24th annual general meeting (AGM) here. The Meeting approved the directors’ report 2007-08 and financial statements relating to the fiscal year 2007-08 together with the auditor’s report. The AGM also approved a 60 per cent cash dividend for a share with Rs 100 par value and the issuance of 40 per cent bonus shares. The meeting appointed GP Rajbahak & Co the statutory auditor of the bank for FY 2008-09. It also approved the amendment proposed in the Articles of Association and Memorandum of Association as proposed in the agenda.