Kakrebihar Bikas Bank announces 15% stock dividend; Paid up to reach Rs 4.35 crore

Kakrebihar Bikas Bank Limited (KKBL) has decided to distribute 15 percent bonus share and 0.79 percent cash dividend for tax purpose. The 164^th BOD Meeting of the company held on Poush 16 has proposed 15 percent bonus share and 0.79 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Kakrebihar Bikas Bank had distributed 10 percent bonus share to their shareholders As per unaudited report KKBL had earned net profit of Rs 5.03 lakh in the first quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 3.79 crore. After distributing 15 percent bonus share it’s paid up capital will rise to Rs 4.35 crore.