Everest Bank proposes 33% bonus share; Paid up capital to reach Rs 8.13 arba

Everest Bank Limited (EBL) has announced 33 percent bonus share to its shareholders. As per the notice published in NEPSE today, the 287th board meeting of the bank held on Kartik 30, 2074 has announced 33% bonus shares and 1.74% cash dividend for tax purpose to its shareholders from the net profit of FY 2073/74. The decision is subjected to the approval from Nepal Rastra Bank and its upcoming AGM. Last year, EBL had issued 70% bonus share and 33.33% right shares to its shareholders. Everest Bank has earned Rs 53.14 crore in the first quarter of the ongoing fiscal year 2074/75. Its paid up capital stood at Rs 6.11 arba in Q1 of the FY 2074/75. After issuance of 33% bonus share its capital will reach 8.13 arba.  After this bonus EBL will meet NRB minimum paid up capital requirement of Rs 8 arba.