Nabil starts distributing bonus share certificates

ShareSansar, March 3:

Nabil Bank Limited has started distributing the certificates of 25 percent bonus shares it had offered to the shareholders from the net profit it posted in the last fiscal year 2069/70 from today.

Issuing a notice today, the leading commercial bank has stated that the bonus share certificates can be collected from 10:00 AM to 3:00 PM from Sunday through Thursday, and from 10:00 AM to 1:00 PM on Fridays through the office of its RTS, Nabil Investment Banking Limited at Central Plaza, Narayanchaur, Naxal.

It may be noted that Nabil had distributed 40 percent cash dividend to the shareholders starting from December 29 last year.

For the shareholders who live outside the capital, the bank has informed that the dividends would be couriered to them on their address.

It has further urged the shareholders to open an account on the nearest branch so that the dividends can be directly deposited in their accounts in the future.

Nabil’s AGM in December had endorsed 65 percent dividend – 40 percent cash and 25 percent bonus shares—to the shareholders from the profit it posted in the last fiscal year.

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

It 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.