Sunrise bank announced 21.5% bonus share, 1.13% cash dividend & further 15% right share

The 225^th BOD meeting of Sunrise bank Ltd held on Ashwin 14, 2072, has announced to give 21.5% bonus share and 1.13% cash dividend for tax purpose. This stock dividend is subject to approval from the Nepal Rastra Bank and upcoming Annual General Meeting (AGM) of the bank.

Furthermore, the 15% right share approved from last year’s AGM is in the process of getting approval from Securities Board of Nepal (SEBON).

Today 22, 36,650 units Rights Shares of Sunrise Bank Ltd. have been listed for trading. -SSN

Global IME Bank to distribute 23% bonus share

Global IME Bank Limited (GBIME) has decided to distribute 23% bonus share to its shareholders.
The 233th BOD meeting of the bank has proposed 23% bonus share and to its shareholders from the net profit it earned in the last fiscal year 2071/72.
However, the decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).
After the bonus share is issued the paid of capital of Global IME will reach to Rs 6.11 arba from paid up 5.01 arba at present.
Global IME has posted net profit of Rs. 1 arba in its 4th quarter of fiscal year 2071/72.
The bank had mobilized Rs 60.17 arba in deposit and extended Rs 50.22 arba in loan by the end of the corresponding quarter of the last fiscal year. -SSN

Mount Makalu Development Bank proposed 30% bonus shares & 1.5 % cash dividend

Mount Makalu Development Bank Limited (MMDBL) has proposed 30% bonus shares and 1.5 % cash dividend for tax purpose.
The 96th BOD Meeting of the company held on Ashwin 13 has proposed distribution of 30% Stock Dividend(Bonus Shares) and 1.5 Cash Dividend (for Tax Purpose) to its Shareholders from the net profit it earned in the last fiscal year 2071/72.
The decision is subject to approval from the Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).
Mount Makalu has earned net profit of Rs 39.87 lakhs in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 20 crore. After the issuance of 30% bonus share its paid up capital will stood at Rs 26 crore.-SSN

Swarojgar Laghubitta Bikas Bank amended 34.2% bonus share & 1.8% cash dividend

Swarojgar Laghubitta Bikas Bank Ltd. (SLBBL) has made amendment regarding its stock dividend and cash dividend.
Previously the micro finance company had announced 30% bonus share and 10% Cash dividend. The BOD meeting held on Ashwin 13 has amended its previously announced dividend to its shareholders as 34.2% stock dividend and 1.8% cash dividend instead of 30 % stock dividend and 10% Cash dividend.
The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).
The micro finance had earned net profit of Rs 1.82 crore in the last fiscal year. Its last traded price stood at Rs 1930.-SSN

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

Nepal Investment Bank to distribute 33% bonus share & 1.74% cash dividend

Nepal Investment Bank limited (NIB) has decided to distribute 33 percent bonus share and 1.74 percent cash dividend for tax purpose to its shareholders.

The 440^th BOD meeting held on Ashwin 11, 2072 has proposed 33 percent bonus share and 1.74 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, NIB had distributed 15 percent bonus share and 25 percent cash dividend to their shareholders.

Nepal Investment Bank has earned net profit of Rs 1.97 arba in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 4.77arba and after issuance of bonus share its paid up capital will stand at 6.34 arba .-SSN

Nepal Bangladesh Bank to distribute 25% bonus share & 1.32% cash dividend

Nepal Bangladesh Bank limited (NBB) has decided to distribute 25 percent bonus share and 1.32 percent cash dividend for tax purpose to its shareholders.

The 274^th BOD meeting held on Ashwin 9, 2072 has proposed 25 percent bonus share and 1.32 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72.

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

Last year, NBB had distributed 10 percent bonus share and 12 percent cash dividend to their shareholders.

Nepal Bangladesh Bank has earned net profit of Rs 79.27 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 2.43 arba and after issuance of bonus share the paid up capital of the bank will reach to Rs 3.04 arba.-SSN

Kailash Bikas Bank to endorse 24% bonus share

Kailash Bikas Bank Limited (KBBL) will be convening its 22nd Annual General Meeting (AGM) on Ashwin 30, 2072. The AGM will be held at Pokhara Grand, Birauta, Pokhara.

The main agendas of the meeting are:
• To increase the authorize capital.
• To endorse 24% bonus share (tax on bonus share will be collected from shareholder) and to increase the issued and paid up capital to the same limit.
• To authorize BOD to amend Article of Association as directed by the governing bodies when necessary

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor and endorse the help provided to earthquake victims.

Only those shareholders owning shares till Ashwin 14 will be entitled to the dividend of the company. The register of their shareholders will remain close from Ashwin 15 , 2072 till Ashwin 29, 2072 for the purpose of its upcoming (AGM)-SSN

Sanima Bank Limited To endorse 20% bonus share, 1.05 cash dividend & right share in the ratio 2:1

Sanima Bank Limited (SANIMA) will be convening its 11th Annual General Meeting (AGM) on Ashwin 28, 2072. The AGM will be held at Naxal Banquet, Narayan Chaur, Naxal, Kathmandu.

Main agendas of the AGM are:

• To endorse 20 percent bonus share and 1.05 cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72
• To endorse right share in the ratio 2:1 after bonus share is issued.
• To amend the article of association and increase the authorized capital, issued capital and paid up capital.
• Authorize BOD to initiate acquisition process with other financial institutions.

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor and endorse the help provided to earthquake victims,
Only those shareholders owning shares till Ashwin 13 will be entitled to the dividend of the company. The register of their shareholders will remain close from Ashwin 14, 2072 till Ashwin 28, 2072 for the purpose of its upcoming (AGM) whereas, a separate book closure date will be published for the right shares.
At present SANIMA has a paid up capital of Rs 3.06 arba. After the issuance of 20 % bonus shares, its paid up capital will reach to Rs 3.67 arba whereas, after the issuance of 50 right shares its paid up capital will reach to Rs 5.50 arba.-SSN

Kamana Bikas Bank to endorse 22.60% bonus share & 1.19% cash dividend

Kamana Bikas Bank Limited (KMBL) is holding its 9^th Annual General Meeting (AGM) on Ashwin 28, 2072. The AGM will be held at Pokhara Grand Hotel, Pardi Birauta,Pokhara at 8:30 AM.
The main agenda of the AGM are:

• To endorse 22.60 percent bonus share and 1.19  cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72
• To nullify the earlier decision to issue right share issue in the ratio 4:1 (25%)
• Increment of issued capital and paid up capital up to Rs 34.11 crore and to amend article of association accordingly.
• To convert promoter – public shareholder structure to 51% promoter shares and 49% ordinary shares. After the conversion, the promoter share to ordinary share ratio the development bank will stand at 51:49.

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor. Also to elect 5 BOD members, from promoter shareholders group,
Trading of KamanaBikasBankandKaski Finance has been suspended from August 3, 2015 in Nepal stockexchange for the merger process between the Pokhara based financial institutions.
KMBL and KAFILhave signed a Memorandum of Understanding (MOU) for the merger to form a National level development bank, which will be named KamanaBikas Bank Limited with the logo of Kaski Finance Limited.

Business Universal Development Bank proposed 13% bonus share & 0.68% cash dividend

The 63rd BOD meeting of the Business Universal Development Bank Limited held on Ashwin 1, 2072 has proposed 13% stock dividend and 0.68% (cash dividend for tax purpose) to its shareholders from the net profit it earned in the last fiscal year.

However, it is subjected to the approval of NRB and its upcoming AGM.

Last year, Bussiness Universal had distributed 11% bonus share to its shareholders from the profit of fiscal year 2070/71.

The development bank has earned net profit of Rs 16.11 crore in its fourth quarter of the last fiscal year 2071/72.-SSN

Citizens Bank to endorse 20% bonus share & right share 10:4

Citizens Bank International Limited (CZBIL) will be convening its 9th Annual General Meeting (AGM) on Ashwin 28, 2072. The AGM will be held at Amrit Bhog, Kalikasthan, Dillibazar, Kathmandu at 11 AM.
The main agenda of the AGM are:

• To endorse 20 percent bonus share from the net profit it earned from the fiscal year 2071/72
• To endorse right share in the ratio 10:4 after bonus share is issued.
• To amend the article of association and increase the authorized capital issued capital and paid up capital.
• Authorize BOD to initiate merger or acquisition process with other financial institutions.

Other Agendas of the AGM include Financial highlights of 2071/72, to endorse the help provided to earthquake victims, To elect 5 BOD members from the promoter group (4 from section (A) and 1 from section (B1)).
Only those shareholders owning shares till Ashwin 10 will be entitled to the dividend of the company. The register of their shareholders will remain close from Ashwin 11, 2072 till Ashwin 18, 2072 for the purpose of its upcoming 9th Annual General Meeting (AGM) whereas, a separate book closure date will be published for the right shares.
At present the paid up capital stands at 2. 55 arba. After the issuance of 20 % bonus shares, its paid up capital will reach to Rs 3.06 arba whereas after the issuance of 40 right shares its paid up capital will reach to Rs 4.29 arba.-SSN

Siddhartha Development Bank to distribute 11% bonus share & 0.58% cash dividend

Siddhartha Development Bank Limited (SDBL) has decided to distribute 11 percent bonus share and 0.58 percent cash dividend for tax purpose to its shareholders.
The 314th BOD Meeting of the company held on Ashwin 5, 2072 has proposed distribution of 11% Bonus Shares and 0.58% Cash Dividend (for Tax Purpose) to their Shareholders
The decision is subjected to approval from the Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).
The development bank has earned net profit of Rs 16.18 crore in its fourth quarter of the last fiscal year 2071/72. Its paid up capital remains at Rs 64.50 lakhs.-SSN

Swarojgar Laghubitta Bikas Bank decided 30% bonus share & 10% cash dividend

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) has decided to distribute 30 percent bonus share and 10 percent cash dividend to its shareholders.

The BOD meeting of the company held on Bhadra 28, has proposed 30% Stock dividend and 10% cash dividend to its shareholders.

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

Last year, SLBBL had distributed 27.35 percent bonus share and 20% cash dividend to their shareholders.

Swarojgar Laghubitta  has earned Rs 1.82 crore in the fourth quarter of last fiscal year 2071/72 as per unaudited report.

First Microfinance Dev Bank announced 15% bonus share

First Microfinance Development Bank Limited (FMDBL) has announced 15 percent bonus share and 0.79 for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72.

The dividend proposed by the microfinance development bank’s BOD meeting on Bhadra 28 is however, subject to the approval of Nepal Rastra bank and the upcoming AGM of First Microfinance Development Bank.

Last year, FMDBL had distributed 15.79 percent cash dividend to their shareholders.

The microfinance bank has earned net profit of Rs 3.66 crore in the fourth quarter of the last fiscal year 2071/72.

Narayani National Finance Ltd proposed 18% bonus share & 7% cash dividend

Narayani National Finance Ltd. has informed NEPSE on 2072-05-30 at 10:50 AM that the BOD meeting of the company held on 2072-05-29 has proposed 18% stock dividend and 7% cash dividend to its shareholders which subject to the approval of NRB and its upcoming AGM. -SSN

Kailash Bikas Bank Ltd has proposed 24% stock dividend

Kailash Bikas Bank Ltd. has informed NEPSE on 2072-05-30 at 11:00 AM that the BOD meeting of the company held on 2072-05-30 has proposed 24% stock dividend to its share holders which subject to the approval of NRB and its upcoming AGM. _SSN

Tinau Development Bank to endorse 18 % bonus share & 25% right share

Butwal-based Tinau Development Bank Limited (TNBL)  is going to hold its 9th AGM (Annual General Meeting) on Ashwin 18, 2072. AGM will be held at Butuwal Udhyog Banijya Sangh at 9 AM.

The main agendas of the AGM are:

•    The AGM is expected to endorse 18 % bonus share and 0.9473 % cash dividend  for tax purpose  as proposed by the BoD of the bank.

•    To increase authorized capital, issued capital and paid of capital.

•    To approve right shares in the ratio 4:1

•    To endorse the decision made by 6TH AGM  regarding merger

Other agendas of the AGM are the financial highlights of 2071/72, appointment of auditors,  to elect 4 BOD members from promoter shareholders and to endorse ditector,from public shareholder, appointed by BOD.- SSN

Purnima Bikas Bank Ltd proposed 23.27% bonus share

As per the press release published today, the 132nd BOD meeting held on Bhadra 24 of Purnima Bikas Bank Limited has proposed 23.27 percent bonus share and 1.23 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 the Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).

Last year, Purnima Bikas bank had distributed 23.75 percent bonus share to their shareholders.

In the fiscal year 2071/72, the development bank earned Rs 7.26 crore operating profit. Its authorized capital stood at Rs 20 crore, issued capital and paid up capital remains at Rs 16.36 crore.

Bonus Shares & Cash Dividend List for fiscal year 2071/72

SN	COMPANY	BONUS SHARE %	CASH DIVIDEND %
1 2 3 4 5 6 7 8 9 10 11 12 13 14	Business Universal Development Bank Ltd. Citizens Bank International Limited First Microfinance Development Bank Ltd. Kailash Bikas Bank Ltd. Kamana Bikas Bank Limited Narayani National Finance Co. Ltd. Nepal Bangladesh Bank Ltd. Nepal Investment Bank Ltd. Purnima Bikas Bank Limited Ridi Hydropower Dev. Company Ltd. Sanima Bank Ltd. Siddhartha Development Bank Limited Swarojgar Laghu Bitta Bikas Bank Ltd. Tinau Development Bank Ltd	13 20 15 24 22.6 18 25 33 23.27 0 20 11 30 18	0.68 0 0.79 0 1.19 7 1.32 1.74 1.37 10.52 1.05 0.58 10.00 0.94

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