Alpine Development Bank proposes 15% cash dividend

Alpine Development Bank Limited has proposed 15 percent cash dividend to the shareholders from the net profit the development bank earned in the last fiscal year 2069/70.

The dividend just proposed by the bank is, however, subject to the approval of Nepal Rastra Bank and the Annual General Meeting of the bank expected in near future.

The development bank based in Hetauda had posted a net profit of Rs 2.04 crore in the last fiscal year.

It had distributed 11 percent dividend in the previous fiscal year.
-sharesansar