Proposal to distribute 10% dividend of International development bank got approved

Kathmandu December 24- NRB approved 10% dividend proposal of International development bank. BOD of the bank had proposed to distribute 9.5% bonus share and 0.5% cash dividend of its paid up capital to distribute among shareholders.

Existing paid up capital of Rs. 700.4 million will jump to Rs. 770.8 million once the bonus share is distributed among its investors.

Bank has succeeded to earn Rs. 17.1 million net profit in first quarter of current FY. Similarly, bank has collected Rs. 5 billion 51.5 million deposit and invested Rs. 4 billion 469.3 million in loan and advances. Bank has bad debt of 0.91D%, risky assets of 15.92D%, EPS of Rs. 9.76 and P/E ratio of 21.42 times.