Sanima Bank proposes 15% bonus & 1:3 (30%) right share; paid up capital to reach Rs 6.85 arba

Sanima Bank Limited (SANIMA) has decided to distribute 15 percent bonus and 30 percent right share to its shareholders. As per the notice published in NEPSE today, the BOD meeting held today (Ashwin 4, 2073) has proposed 15 percent bonus share with 0.79 percent cash dividend for tax purpose  and 30% right share 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 bank’s upcoming Annual General Meeting (AGM). Last year, SANIMA had distributed 20% bonus and had also issued 50% right share to its shareholders. Sanima Bank has earned net profit of Rs 1.04 arba in the fourth quarter of the fiscal year 2072/73 as per unaudited report. After adjustment of 50% right share issued on Ashad 12, 2073 and distribution of 15% bonus share the paid up capital will reach to Rs 5.27 arba. Likewise, after issuance of 30% bonus share its paid capital will rise to Rs 6.85 arba.