Nepal Investment Bank Limited (NIB) has proposed a 16% dividend for the fiscal year 2077/78.
The 554th meeting of the board of directors held on Ashoj 17 decided to distribute the dividend on the paid-up capital of Rs. 16.25 arba. 11.24% bonus shares worth Rs 1.82 arba and 4.76% cash dividend (including tax) worth Rs 77.38 crore have been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. Nepal Investment is in a merger process with Himalayan Bank Limited and its trading is halted in NEPSE.