Nagbeli Microfinance Development Bank proposes of 57% dividend

Kathmandu December 28- BOD meeting of Nagbeli Microfinance Development Bank has proposed of 55% bonus share and 2.89% cash dividend of total paid up capital to be distributed among its investors.

After distribution of bonus share, its paid up capital will reach Rs. 31 million.

The proposed dividend is subjected to approve from NRB and forthcoming AGM.

Bank has succeeded to earn Rs. 17.6 million net profit in the last FY 2071/72. Bank has maintained bad debt of 0.91%, risky assets of 12.91%, EPS of Rs. 88.19 and P/E ratio of 22.73 times.