41% dividend approved by AGM of NIC Asia, also issuing 4:1 right shares

Kathmandu January 24- AGM of NIC Asia has endorsed the proposal of distributing 41% dividend to its shareholders. Bank's 18th AGM held in Biratnagar has approved 39.5% bonus share and 2.055% cash dividend for tax provision.

Similarly, AGM also approved issuance of 4:1 right shares after bonus shares distribution.

Bank had earned net profit of Rs. 692 million 474 thousands. Paid up capital of the bank which stands at Rs. 2 billion 650 million will reach up to Rs. 3 billion 700 million after bonus share distribution. After wrapping right share distribution, its paid up capital will increase up to Rs. 4 billion 650 million.