Lumbini Bank declares 15% stock dividend; paid up capital will rise to Rs 2.30 arba

Lumbini Bank Limited (LUBL) has decided to distribute 15 percent bonus share to its shareholders. The 387^th BOD meeting held on Ashwin 19, 2072 has proposed 15 percent bonus share 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, Lumbini Bank had distributed 6 percent bonus share and 5 percent cash dividend. LUBL had earned net profit of Rs34.61 crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs2.00 arba. After distributing 15 percent bonus share it’s paid up capital will rise to Rs 2.30 arba.

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