Nepal Bangladesh Bank announces 12% stock & 3.79% cash dividends; Paid up to reach Rs 8.08 arba

Nepal Bangladesh Bank Limited (NBB) has proposed dividend from the profits it earned in FY 2073/74. The BOD meeting of the bank held of Bhadra 24, 2074 has proposed 12% bonus share and 3.79 % cash dividend for its shareholders. This announcement is subject to approval from Nepal Rastra Bank and the company’s upcoming AGM. NBB had earned net profit of Rs 1.20 arba up to the end of fourth quarter of FY 2073/74, registering an EPS of Rs 28. NBB’s current paid-up capital stands at Rs 7.22 arba, and after issuance of 12% bonus share, its paid-up capital will reach Rs 8.08 arba.