Civil Bank receives approval from Nepal Rastra Bank to issue bonus share; 10.25% bonus shares to be issued after approval from AGM

Civil Bank Limited (CBL) has received approval from Nepal Rastra Bank to issue 10.25% bonus shares to its shareholders from the net profit of Fiscal year 2073/74.

The bank will be issuing bonus shares worth Rs 74,40,79,312.08 and cash dividend worth Rs 3.91 crore for tax purpose.

The bank has received approval from Nepal Rastra Bank to issue bonus shares on Ashadh 05, 2075. The issuance will be made after the approval from the Annual General Meeting.

After 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 7.25 arba.

CBL has reported net profit of Rs 35 crore in the 3^rd quarter of the current fiscal year. Its LTP stood at Rs 151 as on Ashadh 5, 2075.