Nabil offers 65% dividend, AGM on Dec 27

ShareSansar, December 1: Nabil Bank Limited has proposed 65 percent dividend – 40 percent cash and 25 percent bonus shares—to the shareholders from the profit it posted in the last fiscal year 2069/70.

The dividend just proposed by the BoD of the leading commercial bank of the country is, however, subject to the approval of Nepal Rastra Bank and the upcoming annual general meeting of Nabil Bank.

The BoD meeting has also scheduled the AGM for December 27.

Notably, Nabil Bank had proposed 60 percent dividend from its net profit in the previous fiscal year 2068/69.

Nabil Bank had reported a net profit of Rs 2.23 arba in the last fiscal year, a growth of 31.24 percent over the profit earned in the previous fiscal year.