Mega Bank propose to distribute 10% bonus share

Kathmandu December 13- BOD meeting of Mega bank has proposed to distribute 10% bonus share and 0.53% cash dividend for tax provision of its total paid up capital. After the distribution of bonus share, its paid up capital will reach up to Rs. 2 billion 870.5 million.

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

Bank has succeeded to earn Rs. 84.3 million net profit in the first quarter of current FY. According to the financial report of first quarter of current FY, Bad debt is 1.6%, risky assets is 14.3%, EPS  is Rs. 3.23 and P/E ratio is 31.14 times.