Miteri distributing bonus shares today; Muktinath its cash dividend warrants

ShareSansar, December 3:

Miteri Development Bank is distributing from today the certificates for 20 percent bonus shares endorsed by its recently concluded Annual General Meeting to the shareholders from the net profit it posted in the last fiscal year 2060/70.

The share certificates are being distributed by its RTS, Growmore Merchant Banker Limited at Durbarmarg in Kathmandu during the office hours.

Miteri Development Bank had distributed 5 percent cash dividend warrant from the dividend endorsed for the last fiscal year to the shareholders in October.
 
The development bank had decided to provide 25 percent dividend — 20 percent bonus share and 5 percent cash — to the shareholders from the net profit it earned in the last fiscal year .
 
Likewise, Muktinath Bikas Bank Limited is also distributing cash dividend warrants as per the decision of its recent AGM to endorse 7.5 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year.

It is also being distributed through Growmore Merchant Banker Limited.

Only yesterday Muktinath Bikas Bank had formally announced that its AGM had endorsed 27.5 percent dividend –20 percent bonus shares and 7.5 percent cash—to the shareholders from the net profit it earned in the last fiscal year.

The development bank based in Pokhara had posted a net profit of Rs.9.8 crore in the last fiscal year.

It has also registered an operating profit of Rs 3.9 crore in the first quarter of the current fiscal year 2070/71.