Sana Kisan Bikas Bank announces 25% stock dividend

Sana Kisan Bikas Bank Limited (SKBBL) has announced 25% stock dividend and 1.31% cash dividend (for tax purpose) from the profit earned in the last fiscal year. The 253rd BOD Meeting of the company held on Mangsir 11, has proposed distribution of 25% Stock Dividend (Bonus Shares) and 1.316% Cash Dividend (for Tax Purpose) to their Shareholders which subject to the approval from NRB and its upcoming AGM. At Present the development bank has a paid up capital of Rs 23.06 crore. After the issuance of bonus share its paid up capital will reach to Rs 28.83 crore. The development Bank had provided 15% stock dividend to its shareholders from the net profit it earned in fiscal year 2070/71. The development bank had accumulated net profit of Rs 4.88 crore in the first quarter of ongoing fiscal year.