Kamana Bikas Bank proclaims 22.6% bonus share

ShareSansar, September 3:

Kamana Bikas Bank Limited (KMBL) has decided to distribute 22.6 % percent bonus share to its shareholders.

The BOD meeting of Kamana Bikas Bank has proposed 22.6 percent bonus share and 1.19 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72. However, the decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting.

Kamana Bikas Bank has earned Rs 8.13 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. Its paid-up capital remains at Rs 27.83 crore.

Earlier, the development bank had offered 21 percent bonus share to its shareholder.