Sunrise Bank announces 15% stock dividends; Paid up to reach Rs 8.14 arba

Sunrise Bank Limited (SRBL) has proposed dividend from the profits it earned in FY 2073/74. The BOD meeting of the bank held of Bhadra 29, 2074 has proposed 15% bonus share to its shareholders. This announcement is subject to approval from Nepal Rastra Bank and the company’s upcoming AGM. SRBL had earned net profit of Rs 1.16 arba up to the end of fourth quarter of FY 2073/74, registering an EPS of Rs 16.66. SRBL’s current paid-up capital stands at Rs 7.08 arba, and after issuance of 15% bonus share, its paid-up capital will reach Rs 8.14 arba.