The 17th Annual General Meeting of Muktinath Development Bank was held

Kathmandu. Muktinath Development Bank has completed its 17th Annual General Meeting. The annual general meeting of the bank held on Saturday passed the annual report of the financial year 2079-080 and also approved the proposal to give 10.26 percent dividend to the shareholders. Of the said dividend, 9.75 percent is bonus shares and the remaining 0.51 percent is cash dividend for tax purposes. Bank through the same meeting. General resolutions including appointment of auditor for 2080-081 have been passed. Chairman of the bank's board of directors, Bharatraj Dhakal, chaired the event. Gajendraman Shrestha, a member of the bank's board of directors, gave a welcome speech and the bank's chief executive officer, Pradyuman Pokharel, informed about the bank's current situation and future strategy. In the general meeting, suggestions and questions were received from various shareholders regarding the annual report of the year 2079-080 presented by the board of directors. The Chairman and Chief Executive Officer made it clear regarding the inquiries from the shareholders. In the same ceremony, former chairman of the bank Meen Prasad Gurung gave a congratulatory speech. The assembly also elected the new board of directors of the bank. Til Bahadur Gurung, chief information officer of the bank, said that Bharatraj Dhakal, Narayan Kumar Shrestha, Bharat Prasad Lamsal, Vinod Kumar Sharma and Saroja Shrestha (Koirala) were unanimously elected to the new board of directors.