Standard Chartered Bank announces 100% bonus shares; paid up to reach Rs 8.01 arba

Standard Chartered Bank Nepal Limited (SCB) has announce dividend to its shareholders. As per the notice published by the bank, the board meeting of the bank held on Mangsir 22, 2074 has announced 100% bonus shares and 5.26% cash dividend (for tax purpose) to its shareholders from the net profit it had earned in the FY 2073/74. The decision is subjected to the approval from Nepal Rastra Bank and upcoming AGM. From the net profit of FY 2072/73, it had announced 33.33% bonus shares and 1.75% cash dividend. Its current paid up capital stands at Rs 4.01 arba. After 100% bonus share, it will reach to Rs 8.01 arba. It had earned Rs 48.25 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 2,120 as of last trading day.