Nepal Investment Bank NIBL guarantee 25% cash dividend & 10% bonus shares

Nepal Investment Bank Limited, the commercial bank with the largest client base, is holding its Annual General Meeting today.

The 27th AGM of Nepal Investment Bank being held at Nepal Academy Hall, Kamaladi in Kathmandu is due to formally endorse 35 percent dividend – 25 percent cash and 10 percent bonus shares—to the shareholders from the net profit the bank posted in the last fiscal year 2069/70.

The commercial bank with the largest number of account holders had earned a net profit of Rs 1.99 arba in the last fiscal year.

The proposed dividend is, however, subject to the approval of Nepal Rastra Bank and NIBL’s Annual General Meeting.

It may be noted here that it had distributed 30 percent dividend—25 percent bonus share and 5 percent cash – from the net profit it posted in the previous fiscal year of 2068/69.

NIBL had posted a net profit of Rs 1.31 arba in the fiscal year 2068/69.

It may be noted here that the bank had given an astounding 50 percent dividend – 25 percent bonus share and 25 percent cash in the fiscal year 2067/68.

Another important decision expected is that the AGM is due to endorse increment of NIBL’s authorized capital. -SSN