NIBL starts distributing bonus share certificates

ShareSansar, March 6:

Nepal Investment Bank Limited, the commercial bank with the largest client base, is distributing 10 percent bonus share certificates to its shareholders from today.

Earlier this year the bank had endorsed 35 percent dividend – 25 percent cash and 10 percent bonus shares — to the shareholders from the net profit it posted in the last fiscal year 2069/70.

The bonus share certificates are distributed through its RTS NIBL Capital Markets Limited at Lazimpat from 9:30 AM to 3:00 PM Sunday through Thursday, and from 9:30 AM to 1:00 PM on Friday.
 
It has already distributed the cash dividend warrants to the shareholders for the last fiscal.

The commercial bank with the largest number of account holders had earned a net profit of Rs 1.99 arba in the last fiscal year.

It may be noted here that it 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.
 
NIBL had posted a net profit of Rs 1.31 arba in the fiscal year 2068/69.

The bank had given an astounding 50 percent dividend – 25 percent bonus share and 25 percent cash in the fiscal year 2067/68.

Another important decision expected is that the AGM is due to endorse increment of NIBL’s authorized capital.