The NIC Asia Bank board at its meeting held today has decided to
recommend a cash dividend of Rs 20 per share for the year 2012-2013,
subject to approval of Nepal Rastra Bank and the bank’s annual general
meeting. Despite the extremely challenging market conditions, the bank
posted a net profit of Rs 642 million last year. The ‘Earnings per
Share’ and ‘Return on Equity’ were Rs 47.41 and 14.63 per cent,
respectively.
The bank posted an operating profit of Rs 299 million in the first quarter of the current fiscal year. NIC Asia Bank created history in the Nepali financial sector by concluding the first merger of two healthy class ‘A’ commercial banks — Bank of Asia Nepal and NIC Bank.
source: the himalayan tims,19 Dec 2013
The bank posted an operating profit of Rs 299 million in the first quarter of the current fiscal year. NIC Asia Bank created history in the Nepali financial sector by concluding the first merger of two healthy class ‘A’ commercial banks — Bank of Asia Nepal and NIC Bank.
source: the himalayan tims,19 Dec 2013
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