Kathmandu: Nepal Investment Mega Bank has announced that it will not distribute dividends for the third year in a row, citing continued challenges in loan recovery that have resulted in accumulated losses.
The bank had already refrained from paying dividends over the past two years due to weak loan recovery and rising non-performing assets. With losses still carried forward, it has now decided to withhold dividends again for the current year.
At a meeting held on Monday, December 22, the bank’s Board of Directors approved the audited balance sheet, profit and loss statement, cash flow statement, and related schedules for the fiscal year 2024/25. These financial statements cover the period from mid-July 2024 to mid-July 2025.
The board has decided to submit the approved financial statements to Nepal Rastra Bank for regulatory approval before presenting them to the bank’s 39th Annual General Meeting.
Once Nepal Rastra Bank grants its approval, Nepal Investment Mega Bank will convene its annual general meeting, where the financial statements will be formally presented for shareholders’ endorsement.
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