Jyoti Bikas Bank announces 11.7% bonus & 100% right share; paid up capital to reach Rs 2.06 arba

Jyoti Bikas Bank Limited (JBBL) has decided to distribute 11.7 percent bonus and 100 percent right share to its shareholders. As per the notice published in NEPSE today, the BOD meeting held on Kartik 4, 2073 has proposed 11.7 percent bonus and 100 percent right share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). JBBL had distributed 9 % bonus share to its shareholders in the FY 2071/72. JBBL has earned net profit of Rs 15.21 crore in the fourth quarter of the FY 2072/73.Its paid up capital remains at Rs 92.34 crore. After distributing 11.7 percent bonus and 100 percent share, its paid up capital will reach to Rs 1.95 arba. Similary, after issuance of 100 right shares, its paid up capital will reach to Rs 2.06 arba. Jyoti Bikas Bank and Jhimruk Bikas Bank Bank Limited had started joint operation from Shrawan 19, 2073 as Jyoti Bikas Bank.