The Bank’s shareholders received and considered the accounts of the Bank for the financial year ended June 30, 2018. The Group reported net profit of EC$8.28 million, compared to EC$7.05 million in 2017.
The Bank’s Board of Directors recommended and received approval for a dividend of 20 cents per share to be paid to shareholders for the financial year ended June 30th, 2018. This resulted in a total dividend payout of EC$3,619,329.00.
Vernel Powell and Jacqueline Lawrence were re-elected to the Board of Directors as non-independent director and independent director, respectively. Sonia Williams was elected to serve as non-independent director.
Deloitte and Touche, Chartered Accountants, were re-appointed as the Bank’s auditors for the year ending June 30, 2019.
The 2018 Annual Report is available on the Bank’s website, www.thebankofnevis.com/about-us/shareholder-centre/