Nepal Bangladesh Bank to distribute 25% bonus share & 1.32% cash dividend

Nepal Bangladesh Bank limited (NBB) has decided to distribute 25 percent bonus share and 1.32 percent cash dividend for tax purpose to its shareholders.

The 274^th BOD meeting held on Ashwin 9, 2072 has proposed 25 percent bonus share and 1.32 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72.

However, the decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).

Last year, NBB had distributed 10 percent bonus share and 12 percent cash dividend to their shareholders.

Nepal Bangladesh Bank has earned net profit of Rs 79.27 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 2.43 arba and after issuance of bonus share the paid up capital of the bank will reach to Rs 3.04 arba.-SSN