First Microfinance Dev Bank announced 15% bonus share

First Microfinance Development Bank Limited (FMDBL) has announced 15 percent bonus share and 0.79 for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72.

The dividend proposed by the microfinance development bank’s BOD meeting on Bhadra 28 is however, subject to the approval of Nepal Rastra bank and the upcoming AGM of First Microfinance Development Bank.

Last year, FMDBL had distributed 15.79 percent cash dividend to their shareholders.

The microfinance bank has earned net profit of Rs 3.66 crore in the fourth quarter of the last fiscal year 2071/72.