Clean Energy Development Bank proposes 5% bonus share, 5.5% cash

ShareSansar, November 6:

Clean Energy Development Bank Limited has proposed 5 percent bonus shares and 5.5 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.

The 135th meeting of the development bank’s Board of Directors has just taken the decision to this effect.

However, the proposed dividend is subject to the approval from Nepal Ratra Bank and the development bank’s upcoming Annual General Meeting.

Clean Energy Bank had reported a profit of Rs 17.6 crore at the end of the 4th quarter of the FY 2069/70. The figure is 51.40 percent jump from Rs 11.68 crore recorded for the same period last year.

The bank has posted a 30.87 percent rise in deposits, from Rs 5.47 arba last year to Rs 7.16 arba this year. The bank’s EPS stood at Rs 16.20 and its net worth at Rs 122.60.