Civil Bank proposes 4.05% cash dividend; AGM of previous two FY is due

Civil bank Limited (CBL) has send a notice to Nepal Stock Exchange, regarding a distribution of around Rs 29.40 crore as cash dividend at the rate of 4.05% per share from the profit of the fiscal year 2074/2075. The decision was made in the company’s 264th BoD meeting held on Fagun 3,  2075.

Earlier, the company had declared Rs 74.40 crore as bonus share at the rate of 10.25% per share and around Rs 3.91 crore as cash dividend (for the tax purpose) at the rate of 0.56% per share, from profit of the fiscal year 2073/2074.

Post the bonus distribution the paid up capital of the bank will reach the minimum paid-up requirement of 8 arba, as set by NRB. Paid-Up capital of Civil bank currently stands at Rs 725.93 crore.

CBL is yet to conduct AGM of last two previous fiscal year.

The Bank to distribute dividend after the final approval from annual general meeting (AGM) and from Nepal Rastra Bank (NRB).  LTP of Civil Bank stands at Rs 151.