Machhapuchchhre Bank announced 12% bonus shares & and 0.63% cash for fy 070/71

Machhapuchchhre Bank Ltd has announced that it will offer 12 percent bonus shares to its shareholders from the net profit it has earned in the last fiscal year 2070/71.

According to the statement from the bank, 266th meeting of the board of directors (BoD) held on Wednesday decided to distribute 12 percent bonus shares and 0.63 percent cash dividend to its shareholders for the tax purposes.

The decision of the BoD is, however, subject to the approval of bank’s upcoming annual general meeting and the Nepal Rastra Bank.

According to the unaudited financial statement of the bank, it has earned Rs 45.07 crore as net profit in the last fiscal year, up from Rs 14.86 crore in the previous year.

Following the adjustment of 12 percent bonus shares, its paid-up capial will rise to Rs 2.78 arba from Rs 2.48 arba.