NIC Asia Bank Limited (NICA) has officially announced that it will not be distributing any dividends for the Fiscal Year 2080/81.
Board’s Decision
This decision was made during the 394th Board Meeting of the bank, which was held on Poush 29, 2081. The board members concluded that no dividend will be issued for the stated fiscal year.
Approval Pending
It is important to note that the financial statements are still subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM) of the company.
Conclusion
Investors are advised to await further updates following the approval of the financial statements by Nepal Rastra Bank and the discussions at the AGM regarding the decision.
