Sanima Bank proposes 15% stock dividend; Paid up capital to reach Rs 5.27 arba

Sanima Bank Limited (SANIMA) has decided to distribute 15 percent bonus share and 0.79 percent cash dividend for tax purpose to its shareholders. As per the notice published in NEPSE today, the BOD meeting held today (Bhadra 22, 2073) has proposed 15 percent bonus share and 0.79 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 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. It’s paid up capital stands at 4.59 arba. 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.