Muktinath Bikas Bank proposes 20% bonus share; Paid up capital to reach Rs 2.58 arba

Muktinath Bikas Bank Limited (MNBBL) has decided to distribute 20 percent bonus share to its shareholders. As per the notice published in NEPSE today, the 181st BOD meeting of the development bank held on Kartik 9, 2074 has proposed 20 percent bonus share and 1.05 percent cash dividend  for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2073/74. Recently, Muktinath Bikas Bank had issued 40% right share to its shareholders. The right shareholders (including shareholders of unclaimed to-be-auctioned right shares) are also eligible for the bonus. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). Last year, MNBBL had distributed 34% bonus share to its shareholders. MNBBL has earned net profit of Rs  49.63 crore in the fourth quarter of the fiscal year 2073/74 as per unaudited report. Its paid up capital after issuance of 40% right share is Rs 2.15 arba. After distribution of 20% bonus share, the paid up capital will reach Rs 2.58 arba.