Machhapuchchhre Bank to distribute 16% bonus share

Kathmandu December 29- Machhapuchchhre Bank Limited has announced 16 percent bonus share and 0.84 percent cash dividend for tax provision to its shareholders.

BOD meeting on Monday has proposed 16 percent bonus share and 0.84 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last FY.

The proposal is subjected to approval from Nepal Rastra Bank and forthcoming AGM.

Machhapuchchhre Bank has succeeded to earn net profit of Rs 173.1 million in the first quarter of the current FY. After distribution of bonus shae its paid up capital will increase up Rs. 3.64 billion.