Ace Development Bank announces 13% stock dividend; Paid up capital will reach Rs.1 arba

Ace Development Bank Limited (ACEDBL) has decided to distribute 13 percent bonus share to its shareholders. The 219th BOD Meeting of the company held on today (Mangsir 14) has proposed 13 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Ace Development Bank had distributed 7 percent bonus share to their shareholders ACEDBL had earned net profit of Rs. 3.98 crore in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 88.53 crore in Q1. After distributing 13 percent bonus share it’s paid up capital will rise to Rs.1 arba.