Siddhartha Bank declares 20% stock dividend; paid up capital will reach Rs 2.43 arba

Siddhartha Bank Limited (SBL) has decided to distribute 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders. The BOD Meeting of the company held today (Ashwin 24) has proposed 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. 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, Siddhartha Bank had distributed 12 percent bonus share and 11.16 percent cash dividend to their shareholders SBL had earned net profit of Rs 77.36 crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 2.03 arba . After distributing 20 percent bonus share it’s paid up capital will rise to Rs2.43arba.