17% cash dividend for the shareholders of Excel Development Bank; Decision to be finalized after approval from NRB & AGM
Sun, Sep 16, 2018 12:54 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Excel Development Bank Limited (EDBL) has announced 17% cash dividend for its shareholders.
As per the notice published in NEPSE, the development bank will be distributing 17% cash dividend worth Rs 11.77 crore from the net profit of FY 2074/75. The decision was finalized by the 213th meeting of BoD.
The decision will be subject to approval from Nepal Rastra Bank and upcoming AGM of the company.
The development bank had recorded net profit worth Rs 15.66 crore and EPS stood at Rs 22.61.
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