Himalayan Bank Ltd approved 42% dividend, also issuing right shares in proportionate to 7:1

Kathmandu December 24–  The 23rd annual general meeting (AGM) of Himalayan Bank Ltd (HBL) on Wednesday declared 35 per cent bonus share and 7.1053 per cent cash dividend on the paid-up capital to the shareholders.

 After issuance of the bonus shares the bank’s paid-up capital will be Rs 4.499 billion, as per a press statement.

The AGM also approved the proposal of issuing 7:1 rights shares, which is 14.28 per cent of the paid-up capital after issuing the above mentioned bonus shares.

Manoj Bahadur Shrestha, chairman of HBL, informed that the bank’s total deposit reached Rs 73.53 billion during the review period, an increase of 13.70 per cent over the previous year. Similarly, loans and advances reached Rs 55.42 billion, an increase of 19.33 per cent.