Alpine Dev. Bank announces 18% bonus share

Sharesansar, December 1:

The 89th BOD meeting of Alpine Development Bank Limited (ALDBL) has proposed 18 percent bonus share and 0.9 percent cash dividend (for tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2070/71.

The BoD meeting of bank held on Mangsir 14 has decided to recommend a dividend to its shareholders. However, the decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting.

Previous year Alpine Development Bank Limited has offered 15 percent cash dividend to its shareholder.