Bank of Kathmandu Limited announces 17% dividend for FY 75/76; decision subject to approval from NRB

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the dividend decision of Bank of Kathmandu Limited (BOKL).

The 130^th BOD meeting of the commercial bank has decided that the bank will be distributing 11% cash dividend (including tax) and 6% bonus shares for the shareholders out of the profits of FY 75/76.

This decision is subject to approval from the NRB after which it will be endorsed in the 25^th AGM of the bank.

The bank’s profit has increased from Rs.1.32 Arba in the fourth quarter of the fiscal year 2074/75 to Rs.1.93 Arba in the fourth quarter of the fiscal year 2075/76. The bank’s paid up capital stands at Rs.8.06 Arba with Rs.5.94 Arba as its reserve and surplus.