News Article

BoK gets Sebon nod to auction promoter shares

By No Author

Published: November 24, 2017 07:48 AM

KATHMANDU, Nov 24: Securities Board of Nepal (Sebon) has approved a proposal to auction off 6.16 million units of promoter shares of Bank of Kathmandu (BoK).

Issuing a statement on Thursday, the commercial bank said that the issue will be managed by Nabil Investment Banking Ltd.

According to the bank, formal public notice to this effect will be published soon. In Fiscal Year 2016/17, the bank earned a net profit of Rs 1.24 billion with a total deposit of Rs 72.13 billion and total loan of Rs 62.54 billion. The bank has 75 branch offices, 66 ATMs and seven extension counters.

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