Century Commercial Bank declares 5% bonus share & 5% cash dividend

Century Commercial Bank Limited (CCBL) has decided to distribute dividend to its shareholders. As per the notice published in NEPSE today, the 254^th BOD meeting held on Magh 18, 2074 has proposed 5 percent bonus share and 5 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2073/74. The bank has decided to distribute 5% bonus from the paid up capital of Rs 7.67 arba reached after the acquisition of Alpine Development Bank Limited and Seti Finance Limited and the issuance of 40% right shares. Also, the bank has decided to distribute 5% of the paid up capital amounting to Rs 38.39 crores as cash dividend. After the issuance of bonus share, the paid up capital of the bank will reach Rs 8.06 arba from current Rs 7.67 arba. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). It has earned net profit of Rs 32.51 crore in the second quarter of the fiscal year 2074/75 as per unaudited report. Its last traded price stood at Rs 198 as on the last trading day.