Dharan based Miteri Dev. Bank announces 30% bonus share

ShareSansar, September 9:

Dharan based Miteri Development Bank Limited (MDB) has decided to distribute 30 percent bonus share and 1.58 percent cash dividend for tax purpose to its shareholders.

The 138th BOD meeting of the company has proposed 30% Bonus Shares and 1.58% Cash Dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. However, the decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming 12th Annual General Meeting (AGM).

From the profit of Fiscal Year 2070/71, the development bank had distributed 25 percent bonus shares to the shareholders.

Miteri Development Bank has earned Rs 6.45 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report.