Nagbeli Laghubitta declares 55% stock dividend; Paid up capital will reach Rs 3.1 crore

Nagbeli Laghubitta Bikas Bank Limited (NBBL) has decided to distribute 55 percent bonus share and 2.89 percent cash dividend for tax purpose to its shareholders. The 186th BOD Meeting of the company held on Mangsir 27 has proposed 55 percent bonus share and 2.89 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Nepal Rastra Bank and the microfinance's upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Nagbeli Laghubitta had distributed 39.86 percent bonus share and 20 percent cash dividend to their shareholders NBBL had earned net profit of Rs 59.58 crore in the first quarter of last fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs 2 crore. After distributing 55 percent bonus share it’s paid up capital will rise to Rs 3.1 crore.