Everest Bank offers stunning 60 pc dividend

Sharesansar, Sept 7:

Everest Bank has decided to distribute a handsome dividend of 60 percent to its shareholders from the profit it made during the last fiscal year.The dividend -- 50 percent cash and 10 percent bonus shares -- proposed by Everest Bank is one of the most impressive ones offered by any bank from its profit for the last fiscal year.

The decision taken by the latest meeting of its board of directors, however, is subject to approval from the Nepal Rastra Bank as well as the bank's upcoming Annual General Meeting. 

Everest Bank has proposed higher dividend this time around since it made an impressive net profit of Rs 1471.11 million in the fiscal year 2069/70. Its net profit for the previous fiscal year was Rs 1,090 million