Century Commercial Bank proposes 10% bonus share; paid up to reach Rs 4.04 arba

Century Commercial Bank Limited (CCBL) has proposed 10% bonus share to its shareholders from the profits it earned in FY 2072/73. As per the notice published in NEPSE today, the bank’s BOD meeting held on Falgun 22, 2073 has decided to propose 10% stock dividend to its shareholders, subject to the approval of NRB and its upcoming AGM. CCBL has earned Rs 22.39 crore in the second quarter of the ongoing fiscal year as per its unaudited report. Its paid up capital currently stands at Rs 3.68 arba. After the issuance of 10% bonus share, its paid up capital will reach Rs 4.04 arba. It is under process of acquiring three BFIs: Innovative Development Bank, Araniko Development Bank and Sagarmatha Finance Limited.