Swabalamban Laghubitta declares 34% stock & 19.68% cash dividend; Paid up to reach Rs 41.84 crore

Swabalamban Laghubitta Bikas Bank Limited (SWBBL) has decided to distribute 34 percent bonus share and 19.6842 percent cash dividend to its shareholders. As per the notice published in NEPSE today, the BOD meeting of the microfinance company held on Kartik 24 , 2073 has proposed 34 percent bonus share and 19.68421 percent cash dividend including 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 microfinance company’s upcoming Annual General Meeting (AGM). Last year, SWBBL had distributed 42% bonus share and 10.63% cash dividend to its shareholders. Swabalmban Laghubitta has earned net profit of Rs 7.03 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital stands at Rs 31.23 crore. After distribution of 34% bonus share, the paid up capital will reach to Rs 41.85 crore