Sahayogi Bikas Bank declares 22% stock dividend; Paid up capital to reach Rs 31.45 crore

  Sahayogi Bikas Bank Limited (SBBLJ) has decided to distribute 22 percent bonus share and 1.16 percent cash dividend for tax purpose to its shareholders. The BOD meeting held on Bhadra 16, 2073 has proposed 22 percent bonus share and 1.16 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the development bank’s upcoming Annual General Meeting (AGM). Last year, SBBLJ had distributed 28% bonus to its shareholders from the profit it made in 2071/72 FY. Sahayogi Bikas Bank has earned net profit of Rs 7.55 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 25.78 crore and after issuance of 22% bonus share the paid up capital will rise to Rs 31.45 crore.