Metro Development Bank to distribute 19% bonus share & 1.32% cash dividend

Metro Development Bank Limited (METRO) has decided to distribute 19 percent bonus share and 1.32 percent cash dividend for tax purpose to its shareholders.

The 109^th BOD meeting held today (Ashwin 12, 2072) has proposed 19 percent bonus share and 1 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, METRO had distributed 16% bonus share to its shareholders from the profit it made in 2070/71 FY.

Metro Development Bank has earned net profit of Rs 4.76 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 21.35 crore and after the issuance of bonus share the paid up capital will rise to Rs 25.40 crore. The last trading price of METRO was Rs 330.-SSN

Metro Development Bank Ltd (METRO) : Fundamental Analysis of FY 2070/71

मेट्रो डेभलपमेन्ट बैंकको विश्लेषण
पूँजी, जगेडा, निक्षेप तथा लगानी
चुक्ता पूँजी १६ करोड ६० हजार, जगेडा ४ करोड ४१ लाख ८२ हजार ४ सय १०, निक्षेप १ अरब ५५ करोड ८४ लाख ४२ हजार, कर्जा लगानी १ अरब ३१ करोड ९६ लाख ९७ हजार रहेको छ र अन्य लगानी ७ करोड ७५ लाख ५३ हजार रहेको छ /

Metro Development Bank offers 16 % bonus share

Metro Development Bank has pledged 16 percent bonus shares to its shareholders from the net profit it earned in the last fiscal year.

A meeting of the development bank’s Board of Directors took the decision to this effect.

Metro Development profits 2.14cr, Siddhartha Dev posts loss 32.99cr, Nepal Awas Finance profit 2.17 cr

Metro Development Bank has posted an impressive 90.59% jump in profits for FY 2069/70. The bank made a profit of Rs 2.14 crore as compared to Rs 1.12 crore in the last fiscal. Deposits increased 54.74% to Rs 1.1 arba and and loans and advances climbed 63.70% to Rs 99.19 crore. The bank’s EPS stands at Rs 20.20 and net worth at Rs 126.42.

NEPSE today at 542.63

Following the steady pace of yesterday, the market found itself dangling in sideways today.

The adequate presence of both buyers and sellers kept the market ticking between the level of 541.5 and 543.5 for the entire session but at the end was able to surpass the yesterday’s closing to make a gain of 0.28 points.