Machhapuchchhre Bank Limited Proposes 6% Dividend for FY 2082/83

Machhapuchchhre Bank Limited (MBL) has proposed a 6% dividend for the fiscal year 2082/83. The bank has proposed an 8.25% dividend for preference shareholders worth Rs. 7.45 crore.

The bank’s 564th Board of Directors meeting decided to distribute a 3% bonus share worth Rs. 36.25 crore and a 3% cash dividend worth Rs. 36.25 crore, including applicable taxes, based on the bank’s current paid-up capital of Rs. 12.08 Arba.

The proposed dividend is subject to approval from Nepal Rastra Bank and endorsement by the bank’s upcoming Annual General Meeting (AGM). The dividend will be distributed to eligible shareholders after receiving the necessary approvals.