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.

4:1 Right Shares of Purnima Bikas Bank Limited

The recently concluded special general meeting of Purnima Bikas Bank Limited has endorsed 4:1 right shares to the shareholders.

The special general meeting of the class ‘B’ development bank, which covers three districts, held in Bhairahawa on Saturday had endorsed the special proposal tabled following the decision of the bank’s Board of Directors to pledge the right shares to shore up the paid-up capital.

During the special event, chairman of the development bank Raju Narayan Shrestha informed that they have mobilized Rs 1.45 arba in deposit and Rs 1 arba in loan by Jestha end, according to a press release issued by the bank.

Purnima has been doing a good business over the years and had offered 10 percent bonus shares to the shareholders from around 125 percent net profit growth it posted in the last fiscal year 2069/70.-SSN

Purnima Bikas Bank net profit rises 125% i.e Rs 1.74 crore

Unaudited Purnima Bikas Bank Limited has posted 125.17% rise in net profit for FY 2069/70. The bank amassed a profit of Rs 1.74 crore this fiscal compared to Rs 77.68 lakh in the corresponding period last year.