Pathibhara announces 13% dividend

KATHMANDU, Aug 21:

Pathibhara Development Bank is giving away 13 percent cash dividend to its shareholders from profit generated till the last fiscal year ended July 15. The decision was taken by the annual general meeting of the bank held last Tuesday, a bank statement says.  

The development bank collected Rs 1.11 billion deposits and issued Rs 760 million in loans last fiscal year. It generated an operating profit of Rs 21.5 million in the year. The development bank operates through 10 branch offices. 

Source: Republica