Nepal Investment Bank (NIB) Revises Dividend for FY 2077/78

Nepal Investment Bank Limited (NIB) has revised its dividend proposal for the fiscal year 2077/78. The bank had previously proposed a 16% dividend.

The 554th meeting of the board of directors held on Ashoj 17 had previously decided to distribute 11.24% bonus shares and 4.76% cash dividend (including tax) on the paid-up capital of Rs. 16.25 Arba. Issuing an amendment today, the bank has revised its proposal to now distribute 12.611% bonus shares worth over Rs. 2.05 Arba and 3.389% cash dividend worth over Rs. 55.09 crores.

Nepal Investment is in a merger process with Himalayan Bank Limited and its trading is halted in NEPSE.