Swabalamban Laghubitta proposes 31.57% dividend; Paid up to reach Rs 50.27 crore

Swabalamban Laghubitta Bikas Bank Limited (SWBBL) has proposed 20% bonus share and 11.5789% cash dividend to its shareholders. As per the notice published by the microfinance company today, the company’s BOD meeting held on Ashwin 20, 2074 has declared 20% bonus along with 11.5789% cash dividend including for tax purpose from the profits of FY 2073/74. SWBBL has proposed the bonus on its current paid up capital of Rs 41.89 crore. 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 34 percent bonus and 19.68 percent cash dividend to its shareholders. Swabhalamban Laghubitta had earned net profit of Rs. 25.03 crore in the fourth quarter of the last fiscal year 2073/74. Its paid up capital stands at Rs 41.89 crore. After issuance of 20% bonus share, its paid up capital will reach Rs 50.27 crore,