Nepal Bangladesh Bank Limited (NBB) has declared an 8.42% dividend for the fiscal year 2076/77.
The 361st meeting of the board of directors held on Mangsir 15 has proposed 6% bonus shares and 2.42% cash dividend for the fiscal year 2076/77. For the fiscal year before this (i.e. 2075/76), the company distributed 5% bonus shares and 7% cash dividend.
As of writing, the company's LTP is Rs. 317. The bank has already published its first-quarter report for the FY 2077/2078 with an outstanding increase in Net Profit by 41.90%. The bank's net profit has increased from Rs. 40.25 crore in the first quarter of FY 2076/2077 to Rs. 57.11 crore in the first quarter of FY 2077/2078.