Nabil offers 40% cash & 25% bonus share, AGM on Dec 27

Nabil Bank Limited has proposed 65 percent dividend – 40 percent cash and 25 percent bonus share — to the shareholders from the net profit it registered in the last fiscal year 2069/70.

The commercial bank’s board of directors has just taken the decision to this effect, which is, however, subject to the approval of Nepal Rastra Bank and the Annual General Meeting of the commercial bank.

The leading commercial bank had posted a net profit of Rs 223.15 crore in the last fiscal year compared Rs 169.62 in the previous fiscal year.

Last year Nabil Bank had offered 60 percent dividend – 40 percent cash and 20 percent bonus share—to the shareholders from the net profit it posted in the fiscal year 2068/69.

Issuing a public notice today Nabil Bank has also informed that it will hold its Annual General Meeting on December 27, which, inter alias, will endorse the consolidated report of the commercia bank as well as its subsidiary Nabil Investment Banking Limited.

Nabil Investment Banking Limited is one of the only two mutual fund operators in the country.

Its non-performing loan stands at just 1.34 percent while its EPS (annualized) is priced at Rs 74.26 and its net worth per share at Rs 294.
-sharesansar