Sunrise bank announced 21.5% bonus share, 1.13% cash dividend & further 15% right share

The 225^th BOD meeting of Sunrise bank Ltd held on Ashwin 14, 2072, has announced to give 21.5% bonus share and 1.13% cash dividend for tax purpose. This stock dividend is subject to approval from the Nepal Rastra Bank and upcoming Annual General Meeting (AGM) of the bank.

Furthermore, the 15% right share approved from last year’s AGM is in the process of getting approval from Securities Board of Nepal (SEBON).

Today 22, 36,650 units Rights Shares of Sunrise Bank Ltd. have been listed for trading. -SSN

Sunrise Bank proposes 11 % bonus shares

Much to the respite of its shareholders, Sunrise Bank Limited has proposed 11 percent bonus shares from the net profit it posted in the last fiscal year 2069/70. A meeting of the bank’s board of directors has just taken the decision to this effect.

The propose dividend is, however, subject to the approval of Nepal Rastra Bank and the upcoming Annual General Meeting of the commercial bank.
Sunrise Bank had posted a net profit of Rs.31.91 crore in the last fiscal year.

Sunrise Bank plan 11% dividend & merge with H & B Development Bank

Sunrise Commercial Bank Limited has been holding series of discussion with H & B Development Bank for a merger.

“We have hold three rounds of discussion with H & B Development Bank,” head of Share and Legal Department of Sunrise Bank Tika Bhattarai told .

Commercial Banks' Net profit comparison list with last year

Commercial banks recorded handsome profits last fiscal year. As of now, 11 banks have published their fourth-quarter reports of 2012-13, and net profits of all the banks have increased compared to the fourth quarter of 2011-12.
Bankers attributed the rise in profits to three factors—increment in the net interest income, foreign exchange earnings and write back of loans.

Sunrise Bank heading towards 290 on secondary market.

52 Weeks High :                       Rs. 253           
52 Weeks Low :                       Rs. 115           
180 Days Average Price:       Rs. 174