Century Bank announces 9% stock dividend; Paid up capital will reach Rs 2.31 arba

Century Commercial Bank Limited (CCBL) has decided to distribute 9 percent bonus share and 0.47 percent cash dividend for tax purpose to its shareholders. The 183^rd BOD meeting held yesterday (Poush 13, 2072) has proposed 9 percent bonus share and 0.47 percent cash dividend (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). As the 4:1 right issue of CCBL has not been allotted, the shares of right issue will not be included while distributing the announced bonus shares. Last year, CCBL had distributed 6% bonus share and 3.47 % cash dividend to its shareholders from the profit it made in 2070/71 FY. Century Commercial bank has earned net profit of Rs 7.42 crore in the first quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital of the bank stands at 2.12 arba and after the issuance of bonus share the paid up capital will rise to Rs 2.31 arba.