Swabhimaan Laghubitta proposes 24% bonus shares to shareholders; decision subject to Rastra Bank’s approval

Swabhimaan Laghubitta has decided to provide 24% bonus shares to its shareholders amounting to Rs 1.48 crore and 1.27% cash dividend for tax purpose from the net profit it made in the FY 2075-76. The microfinance institution has submitted its board’s decision regarding the dividend plan to the Nepal Rastra Bank for its approval.

The microfinance has a Deposit increment of 43% to Rs 27.82 crore, credit disbursement increment of 54% amounting to Rs 80.19 crore, net profit of Rs 2.58 crore, NPL of 0.60% in the recently concluded fiscal year 2075-76, as per the financial report.

It has its coverage in 5 districts via its 19 branches, as mentioned in the media statement.