Machhapuchchhre Bank declares 20.75% bonus share, Paidup capital reach at Rs 6.59 arba

Machhapuchchhre Bank Limited (MBL) has decided to distribute 20.75 percent stock dividend to its shareholders. The company’s meeting BOD held on Kartik 18, 2073 has proposed 20.75 percent bonus share and 1.09 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and thebank’s upcoming Annual General Meeting (AGM). Earlier, MBL had distributed 16 % bonus share to its shareholders in the fiscal year 2071/72. MBL is in the process of issuing 2:1 (50%) right share which was approved by the bank’s 17^th AGM held on Baisakh 26, 2073. It’s paid up capital remains at Rs 3.86 arba. After 50% right share issuance, the paidup capital will reach to Rs 5.79 arba. Similarly, after 20.75 % bonus share distribution, its paid up capital will reach to Rs 6.59 arba. Machhapuchchhre Bank had earned Rs 89.18 crore in the fourth quarter of the last fiscal year 2072/73.