Bank of Kathmandu dividend plans

KATHMANDU, OCT 13: 

The 18th annual general meeting of Bank of Kathmandu (BoK) approved five per cent bonus shares and 21.32 per cent cash dividend. While highlighting the bank’s overall progress in fiscal year 2011-12, chairman of BoK Narendra Kumar Basnyat stated that the bank earned an operating profit of Rs 883 million and posted a net profit of Rs 607.7 million in the period. Total deposits at the end of last fiscal stood at Rs 24.99 billion, an increment of 18.90 per cent from a year earlier. Similarly, loans and advances increased by 7.59 per cent in the last fiscal with total lending of Rs 19.32 billion.

Source: THT