Nirdhan Utthan Bank proposes 66.67% bonus & 14.04% cash; paid-up to reach Rs 1 arba

Nirdhan Utthan Bank Limited (NUBL) has proposed an outstanding dividend from the profits it earned in FY 2073/74. The BOD meeting of the microfinance company held of Bhadra 22, 2074 has proposed 66.67% bonus share and 14.04% cash dividend for its shareholders. This announcement is subject to approval from Nepal Rastra Bank and the company’s upcoming AGM. NUBL had earned net profit of Rs 58.34 crore up to the end of fourth quarter of FY 2073/74, registering an EPS of Rs 97.23. NUBL’s current paid-up capital stands at Rs 60 crore, and after issuance of 66.67% bonus share, its paid-up capital will reach Rs 1 arba.