Janautthan Samudayic Laghubitta proposes 20% stock dividend; Paid up capital to reach Rs 2.88 crore

Janautthan Samudayic Laghubitta Bikas Bank Limited (JSLBB) has announced 20 percent stock dividend to its shareholders. As per the notice published in NEPSE today, the 110^th board meeting of the microfinance company held on Kartik 5, 2074 has decided to distribute 20% stock and 1.05% 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 too, JSLBB had issued 20% stock dividend to its shareholders. JSLBB had earned Rs 1.60 crore in the fourth quarter of the fiscal year 2073/74. After the issuance of this stock dividend, its paid up capital will reach Rs 2.88 crore from existing Rs 2.40 crore.