Kumari Bank distributing bonus share certificates from today
Sun, Jun 1, 2014 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, June 1:
Kumari Bank Limited has started distributing bonus share certificates to the shareholders from today.
The commercial bank’s 13 Annual General Meeting held end April end had formally endorsed 14 percent bonus shares and 0.74 percent cash dividend to the shareholders from the net profit it posted in the last fiscal year 2069/70.
The bonus shares can be collected from the bank’s share department in Putalisadak from 10:00 AM to 3:00 PM Sunday through Thursday, and from 10:00 AM to 1:00 PM on Friday, according to a notice published by the bank today.
Kumari Bank Limited had posted 5.82 percent growth in profit in the last fiscal year as it posted profit of Rs 29.15 crore, up from Rs 27.55 crore reported in the previous fiscal year.
It has also posted notable profit by the end of the third quarter
It posted 14 percent net profit by the end of the third quarter, especially from the write back of Rs 3.45 crore and non operating income of Rs 34.58 lakh though the bank’s net interest income has decreased from Rs69.36 crore to Rs 58.71 crore by the end of the third quarter.
The bank with 28 branches, two extension counters and 39 ATMs also plans to add eight more branches in near future. It is also building its own building at Naxal in Kathmandu.
