NIBL proposes 40pc dividend

Nepal Investment Bank Limited (NIBL) has proposed 40 percent dividend (25 percent cash and 15 percent stock dividend), subject to the approval of the Nepal Rastra Bank and the upcoming Annual General Meeting (AGM). The bank earned a net profit of Rs 1.93 billion this year, against Rs 1.91 billion last year. NIBL’s paid-up capital stands at Rs 4.14 billion and will reach Rs 4.76 billion after the issue of the bonus shares. The shareholders’ equity after bonus shares will be Rs 7.92 billion, which is the highest equity among the private sector banks in Nepal, said the statement.

source: the kathmandu post,18 sept 2014
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