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.
However, the proposed dividend is subject to the approval of the Nepal Rastra Bank and the Annual General Meeting of the development bank.
It had made an impressive 90.59 percent more profit in the last fiscal year of 2069/70 compared to the previous year.
The bank posted a profit of Rs 2.14 crore compared to Rs 1.12 crore in the previous fiscal year of 2068/69.
Deposits increased 54.74% to Rs 1.1 arba and and loans and advances climbed 63.70% to Rs 99.19 crore.
-sharesansar
A meeting of the development bank’s Board of Directors took the decision to this effect.
However, the proposed dividend is subject to the approval of the Nepal Rastra Bank and the Annual General Meeting of the development bank.
It had made an impressive 90.59 percent more profit in the last fiscal year of 2069/70 compared to the previous year.
The bank posted a profit of Rs 2.14 crore compared to Rs 1.12 crore in the previous fiscal year of 2068/69.
Deposits increased 54.74% to Rs 1.1 arba and and loans and advances climbed 63.70% to Rs 99.19 crore.
-sharesansar
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