City Dev. Bank discloses 19.25% stock dividend; paid up capital will rise to 55.82 crore

City Development Bank Limited (CDBL) has decided to distribute 19.25 percent bonus share and 1.0131 percent cash dividend for tax purpose to its shareholders. The 113^thBOD meeting held on Ashwin 11, 2072 has proposed19.25 percent bonus share and 1.0131 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Last year, CDBL had distributed percent 22% bonus share to their shareholders. City development bank had earned net profit of Rs 15.45 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 46.81crore and after distributing 19.25 percent bonus share its paid up capital will reach to Rs 55.82 crore.