Fewa Bikas Bank declares 21.9% stock dividend; Paid up capital to reach 99.49 crore

Fewa Bikas Bank Limited (FBBL) has announced 21.9 percent bonus share to its shareholders.

The BOD meeting held on yesterday (Falgun 23, 2072) has proposed 21.9 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2071/72.

The decision is subject to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM).

Fewa Bikas Bank has earned net profit of Rs 11.02 crore in the second quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 81.62 crore and after the issuance of 21.9% bonus share the paid up capital will rise to Rs 99.49 crore.