Metro Development Bank to distribute 19% bonus share & 1.32% cash dividend

Metro Development Bank Limited (METRO) has decided to distribute 19 percent bonus share and 1.32 percent cash dividend for tax purpose to its shareholders.

The 109^th BOD meeting held today (Ashwin 12, 2072) has proposed 19 percent bonus share and 1 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72.

The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).

Last year, METRO had distributed 16% bonus share to its shareholders from the profit it made in 2070/71 FY.

Metro Development Bank has earned net profit of Rs 4.76 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 21.35 crore and after the issuance of bonus share the paid up capital will rise to Rs 25.40 crore. The last trading price of METRO was Rs 330.-SSN