Nepal Investment Bank proposes 40% dividend including 15% bonus share

ShareSansar, September 11:

Nepal Investment Bank Ltd has proposed 40 percent dividend--25 percent cash and 15 percent bonus share--to its shareholders from the net profit it earned in the last fiscal year 2070/71, according to high-ranking source of the sharesansar.

“However, since it is proposal, it will be subject to the approval of the central bank and the upcoming agm,” he further adds.

It is to be noted that once the bank’s dividend is approved by concerned regulator and stakeholders, its paid up capital will be second only to Global IME Bank Ltd among private commercial banks.

Last year, NIBL had offered 25 percent cash and 10 percent bonus shares to the shareholders from the net profit it posted it the previous fiscal year.

The commercial bank with the largest number of account holders had earned a net profit of Rs 1.95 arba in the last fiscal year.

It may also be noted here that NIBL had distributed 30 percent dividend—25 percent bonus share and 5 percent cash – from the net profit it posted in the previous fiscal year of 2068/69, and it had pledged 50 percent dividend – 25 percent bonus share and 25 percent cash in the fiscal year 2067/68.