Mega bank proposes 11.75% cash dividend; Bank on its way to acquire Gandaki bikas bank

Thu, Sep 26, 2019 11:43 AM on Dividend, Bonus & Rights, Latest, Stock Market,

Mega Bank (MEGA) has proposed 11.75% cash dividend for its shareholders from the accumulated profit till 2075/76.

The 262nd Board Meeting held on Ashwin 08, 2076 has decided to propose 11.75% of paid-up capital worth Rs 1.22 arba as cash dividend. The bank's capital stands at Rs 10.38 arba.

The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the bank.

Mega bank already signed MoU of acquisition with Gandaki Bikas Bank (GDBL). GDBL is a national level development bank.