Alpine Dev. Bank announces 23% stock dividend; Paid up capital to reach Rs. 14.51 crore

Alpine Development Bank Limited (ALDBL) has decided to distribute 23 percent bonus share and 1.21 percent cash dividend for tax purpose to its shareholders. The BOD Meeting of the company held on Poush 23 has proposed 23 percent bonus share and 1.21 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). Earlier, ALDBL had distributed 18 percent bonus share in the fiscal year 2071/72. As per unaudited report Alpine Development Bank has earned net profit of Rs 42.96 lakhs in the first quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 11.80 crore. After distributing 23 percent bonus share it’s paid up capital will rise to Rs 14.51 crore.