JBNL to issue 8.50% cash dividend from profits of FY 74/75; decision subject to approval from NRB and upcoming AGM

Janata Bank Nepal Limited (JBNL) has declared 8.50% cash dividend for its shareholders from the profits of FY 74/75.

The 267^th BOD meeting proposed 8.50% cash dividend worth Rs.68 Crore on 24^th Mangsir 2075. However, this decision is subject to approval from NRB and the upcoming AGM of the commercial Bank.

The current paid-up capital of the commercial bank stands at Rs.8 Arba. The bank had previously declared 14.4% bonus shares from the profits of FY 73/74. The LTP as of 10^th December 2018 stands at Rs.179 per share.