Machhapuchchhre Bank puts forward 10% cash dividend to its shareholders

Machhapuchchhre Bank Limited (MBL) has announced cash dividend to its shareholders. As per the notice published in NEPSE today, the 383^rd board meeting of the bank held on Mangsir 5, 2075 has announced a 10% cash dividend to its shareholders from the net profit of FY 2074/75. The decision is subjected to the approval from Nepal Rastra Bank and its upcoming AGM.

Last year, MBL had distributed 9% bonus shares and 6% cash dividend to its shareholders from the net profit of FY 2073/74.

Machhapuchchhre Bank had earned Rs 1.21 arba till the fourth quarter of the fiscal year 2074/75. Currently, MBL's paid-up capital stands at Rs 8 arba.

The MBL has shown decent performance in Q1 of FY 2075/76. Click on the link below to see the report

Machhapuchchhre Bank becomes the first among the commercial banks to publish Q1 report; EPS reaches Rs 18.46 with 48.44% rise in the net profit