Triveni Bikas Bank & Shree Investment Finance announces 19% & 10.5% stock dividend respectively

Triveni Bikas Bank Limited (TBBL) has declared to distribute 19 percent bonus share to its shareholders. The BOD Meeting of the bank held on Bhadra 22, 2073 has proposed 19 percent bonus share 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 its upcoming AGM. Earlier the bank had provided 10.75 percent cash dividend to its shareholders from the net profit it earned in the fiscal year 2070/71. TBBL has earned net profit of Rs 19.25 crore in the fourth quarter of the last fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 82 crore and after the issuance of 19 percent bonus share it’s paid up capital will rise to Rs 97.58 crore. Similarly, Shree Investment and Finance Company Limited (SIFC) has also announced to distribute 10.5 percent bonus share to its shareholders. The BOD Meeting of the bank held on Bhadra 22, 2073 has proposed 10.5 percent bonus share and 0.55 percent cash dividend 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 its upcoming AGM. Earlier the bank had provided 11.61 percent stock dividend to its shareholders from the net profit it earned in the fiscal year 2071/72. SIFC has earned net profit of Rs 3.02 crore in the fourth quarter of the last fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 22 crore and after the issuance of 10.5 percent bonus share it’s paid up capital will rise to Rs 24.31 crore.