Civic Development Bank to give 9% cash dividend, Gaurishankar Development Bank proposes 20% cash dividend

Civic Development Bank will distribute 9 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.Nepal Rastra Bank has approved the dividend.

The development bank based at Dhading Besi posted an operational profit of Rs 78 lakh in the last fiscal year.

It has an authorized capital of Rs 10 crore, issued capital of Rs 4 crore and paid-up capital of Rs 4 crore.

Meanwhile, Gaurishankar Development Bank has proposed 20 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year.

The development bank with Rs 4 crore paid-up capital posted an operational profit of Rs 59 crore in the last fiscal year, and mobilized Rs 1.35 arba in deposit and 1.05 arba in loan.

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