NRB approves of 28.49% dividend of OM Finance

Nepal Rastra Bank has approved the proposed 28.49 % dividend of Om Finance Limited. NRB approved of 27.07 percent bonus share and 1.42 percent cash dividend proposed by the BOD of Om Finance. According to Buddhi Malla, CEO of Om Finance , ‘ The approved dividend will be distributed after its endorsement in the upcoming AGM. After the bonus share the company’s paid up capital will reach to Rs 49 crore 45 lakh 86 thousand, he added.   Om Finance is in the merger process with City Development Bank Limited. A national level development bank will be formed after the merger of two banks.   The finance company had mobilized deposits of Rs 4 arba 80 crore , floated 3 arba 94 crore loan and earned a net profit of Rs 20 crore 17 lakh. Its Non - Performing Loan (NPL) stood at 0.68% and its Earning Per Share (EPS) stood at Rs 33 in the last fiscal year.