Century Commercial Bank to issue 2% bonus shares and 4.50% cash dividend from FY 74/75 profits; paid up capital will increase to Rs.8.41 Arba

In a notice published on NEPSE today, Century Commercial Bank Limited (CCBL) has proposed distribution of 6.50% dividend from the profits of FY 74/75.

The 282^nd BOD meeting of the commercial bank decided to proposed the issue of 2% bonus shares worth Rs.16.50 Crore and 4.50% cash dividend (including tax) worth Rs.37.12 Crore for the shareholders from the profits of FY 74/75.

The current paid up capital of the bank stands at Rs.8.25 Arba. The paid up capital will increase to Rs.8.41 Arba after the adjustment of 2% bonus shares.

This decision is subject to approval from the Nepal Rastra Bank (NRB) and the upcoming AGM of the commercial bank.