Alpine Dev. Bank declares 14.5% bonus share; Paid up capital to reach Rs 25.15 crore

Alpine Development Bank Limited (ALDBL) has decided to distribute 14.5 percent stock dividend to its shareholders. As per the notice published in Nepal Stock Exchange (NEPSE) today, the company’s BOD meeting held today (Mangsir 9, 2073) has proposed 14.5 percent bonus share and cash dividend worth Rs 17, 33,437 for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). Earlier, ALDBL had distributed 23 percent bonus share to its shareholders in the fiscal year 2071/72. Alpine Development Bank has earned net profit of Rs 54.56 lakh in the first quarter of the fiscal year 2073/74 as per unaudited report. Its paid up capital remains at Rs 21.97 crore. After distribution of 14.5 % bonus share, its paid up capital will reach to Rs 25.15 crore.