Kumari Bank offers 14% bonus shares

ShareSansar, March 6:

The wait is finally over for the shareholders of Kumari Bank Limited. The bank has just pledged 14 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.

The dividend which has just been offered by the commercial bank’s Board of Directors is, however, subject to the approval of Nepal Rastra Bank and the upcoming Annual General Meeting of the bank.

Kumari Bank Limited had posted 5.82 percent growth in profit in the last fiscal year.

The bank made profits of Rs 29.15 crore, a slight growth over Rs 27.55 crore reported in the previous fiscal year.