SLBBL announces 40% dividend ; FMDBL discloses 15% bonus share

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) has decided to distribute 30 percent bonus share and 10 percent cash dividend to its shareholders. The BOD meeting of the company held on Bhadra 28, has proposed 30% Stock dividend and 10% cash dividend to its shareholders. The decision is subjected to approval from the Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Last year, SLBBL had distributed 27.35 percent bonus share and 20% cash dividend to their shareholders. Swarojgar Laghubitta has earned Rs 1.82 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. Likewise, First Microfinance Development Bank Limited (FMDBL) has announced 15 percent bonus share and 0.79 for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The dividend proposed by the microfinance development bank’s BOD meeting on Bhadra 28 is however, subject to the approval of Nepal Rastra bank and the upcoming AGM of First Microfinance Development Bank. Last year, FMDBL had distributed 15.79 percent cash dividend to their shareholders. The microfinance bank has earned net profit of Rs 3.66 crore in the fourth quarter of the last fiscal year 2071/72.