Muktinath Bikas Bank gives 20% bonus shares & 7.5% cash dividend

The Annual General Meeting of Muktinath Bikas Bank has formally endorsed 27.5 percent dividend –20 percent bonus shares and 7.5 percent cash—to the shareholders from the net profit it earned in the last fiscal year 2069/70.

The development bank based in Pokhara had posted a net profit of Rs.9.8 crore in the last fiscal year.

It has also registered an operating profit of Rs 3.9 crore in the first quarter of the current fiscal year 2070/71.

According to the development bank’s CEO Bharat Raj Dhakal, they have also mobilized 3.95 arba in deposit and 3.35 arba in loan.

He also informed that the development bank will soon offer mobile banking service.

The development bank, which covers ten districts, is planning to open new branches at Karkineta in Parbat, Chipledhunga in Pokhara and Galla-mandi in Bhairahawa.

The bank has been consistently generating good income over the years and distributing handsome returns to its shareholders.
-sharesansar