Fewa Development Bank purpose 22% bonus share
March 7, 2016, 5:54 a.m.
Kathmandu March 7- BOD meeting held on March 6 of Fewa Development Bank has proposed 21.9% bonus share to its shareholders. Paid up capital of the bank will reach Rs. 995 million once the bonus share is distributed.
The proposed bonus share is subjected to approve from NRB and bank's forthcoming AGM.
Bank has earned net profit of Rs. 173.3 million till second quarter of current FY with the deposit collection of Rs. 10 billion 530 million and loan advance of Rs. 8 billion 840 million.
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