Miteri Development Bank has announced that it will distribute 25
percent bonus shares and 1.12 percent cash dividend to its shareholders.
According to the notice of the bank, the 125th Board of Directors meeting of the bank held on Thursday made the decision in this regard.
The decision is, however, subject to the approval of the bank’s upcoming annual general meeting and the Nepal Rastra Bank.
The bank has posted a net profit Rs 47.19 million last year.It had provided 20 percent bonus shares and 5 percent cash dividend to the shareholders from the net profit it posted in the previous fiscal year 2060/70.
Meanwhile, Mahalaxmi Finance Ltd has also said that it will distribute 18 percent cash dividend.
The decision of the dividend has been approved by NRB which is subject to the approval of its upcoming AGM.
The finance company has earned Rs 8.99 crore in net profit in fiscal year 2070/71. It had provided 13 percent cash dividend in the previous year. SSN
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