Chhimek Laghubitta Bikas Bank proposes 33.23% bonus share & 15% cash dividend

Chhimek Laghubitta Bikas Bank Limited has proposed 48.23 percent dividend -- 33.23 percent bonus share and 15 percent cash – to the shareholders from the net profit it posted in the last fiscal year 2069/70.

A meeting of the microfinance development bank’s board of director has just decided to offer this dividend, which, however, subject to the approval of Nepal Rastra Bank and the microcredit’s Annual General Meeting to be held on December 24.

Chhimek Laghubitta Bikas Bank had posted net profit of Rs.10.77 crore in the last fiscal year.

Chhimek Laghubitta, which is based in Hetauda, had distributed 25 percent bonus shares and 17.10 percent cash dividend to its shareholders from the profit earned in the previous fiscal year of 2068/69.

Its EPS (annualized) stands at Rs 10.48 and its net worth per share at Rs 219.81 while its non-performing loan is meager 0.005 percent.

Established with an objective to transform socio-economic lives of the poor and underprivileged women through micro-finance services, Chhimek Laghubitta has 57 branches in 31 districts of the country.
-sharesansar