Nepal Investment Bank to distribute 33% bonus share & 1.74% cash dividend

Nepal Investment Bank limited (NIB) has decided to distribute 33 percent bonus share and 1.74 percent cash dividend for tax purpose to its shareholders.

The 440^th BOD meeting held on Ashwin 11, 2072 has proposed 33 percent bonus share and 1.74 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72.

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

Last year, NIB had distributed 15 percent bonus share and 25 percent cash dividend to their shareholders.

Nepal Investment Bank has earned net profit of Rs 1.97 arba in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 4.77arba and after issuance of bonus share its paid up capital will stand at 6.34 arba .-SSN