Deprosc Laghubitta proposes 31% dividend; Paid up capital to reach Rs 70.31 crore

Deprosc Laghubitta Bikas Bank Limited (DDBL) has decided to distribute 31 percent dividend to its shareholders. As per the notice published in Nepal Stock Exchange today, the 209^th BOD meeting of the microfinance company held on Mangsir 11, 2074 has proposed 16 percent bonus share and 15 percent cash dividend including for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2073/74. The decision is subjected to approval from Nepal Rastra Bank and the microfinance company’s upcoming Annual General Meeting (AGM). Last year, DDBL had distributed 35% bonus share and 17.63% cash dividend to its shareholders. DDBL has earned net profit of 5.41 crore in the first quarter of fiscal year 2074/75. Its paid up capital stands at Rs 60.61 crore. After issuance of 16% bonus share, the paid up capital will reach Rs 70.31 crore.