Prime Commercial Bank announces 18% stock dividend; Paid up capital will reach Rs 3.70 arba

Prime Commercial Bank Limited (PCBL) has announced to distribute 18 percent bonus share to its shareholders. The bank board of directors (BOD) meeting held on Saturday (Mangsir 19,2072) decided to propose 18 percent bonus shares and 0.95 percent cash dividend (for tax purpose) to its shareholders. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, Prime Commercial Bank had distributed percent 19% bonus share and 1% cash dividend to their shareholders PCBL had earned net profit of Rs. 22.05 crore in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs.3.14 arba. After distributing 18 percent bonus share it’s paid up capital will rise to Rs. 3. 70 arba.