Sahayogi Bikas Bank declares 24.5% dividend; Paid up capital to reach Rs 50.76 crore

Sahayogi Bikas Bank Limited (SBBLJ) has decided to issue 24.5% dividend to its shareholders. As per the notice published in NEPSE today, the 246^th BOD meeting of the company held today has decided to propose 20% stock and 4.5% cash dividend including for tax purpose to its shareholders from the profit it earned in the last fiscal year 2073/74. The decision is subjected to approval from Nepal Rastra Bank and the development bank’s upcoming Annual General Meeting (AGM). Last year, SBBLJ had distributed 22 percent stock dividend to its shareholders. Sahayogi Bikas Bank had earned net profit of Rs.13.1 crore in the fourth quarter of the last fiscal year 2073/74. Its paid up capital stands at Rs 42.30 crore. After issuance of 20% stock dividend its paid up capital will reach Rs 50.76 crore,