NIC Asia became first banks to declares bonus, Paid up capital to reach Rs 8 arba after 20% bonus

NIC Asia Bank Limited (NICA) has proposed 20 percent bonus share and 1.05 percent cash dividend (tax purpose) to its shareholders. The BOD meeting held on Shrawan 27, 2074 has proposed 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders from the net profit it had earned in the last fiscal year 2073/74. The decision is subjected to approval from Nepal Rastra Bank and the company’s upcoming Annual General Meeting (AGM). Last year, NICA had distributed 26% bonus share and 1.37% cash dividend to its shareholders from the profit it had earned in the FY 2072/73. NICA has earned net profit of Rs 1.47 arba at the end of the fiscal year 2073/74 as per unaudited report. It’s paid up capital stands at Rs 6.69 arba. After distribution of 20% bonus share, the paid up capital will reach Rs 8 arba.