Himalayan Bank proposed of 35% bonus

Kathmandu November 5- Board of directors, BOD of Himalayan Bank Ltd has proposed to distribute 35% bonus share and 7.1053% cash dividend for tax provision. After the issuance of bonus share, paid up capital of bank will increase to Rs. 4 billion 499.1 million.

The proposed bonus share is subjected to approval from NRB and forthcoming Bank's AGM.

Himalayan Bank succeeded to earn 1 billion 95.5 million net profit in the last FY 2071/72. Similarly, deposit of the bank increased by 13.68% to Rs. 73 billion 520 million and bank loan increased by 19.33% to Rs. 55 billion 420 million. Bad debt of bank and risky assets have lasted in 3.22% and 11.45% respectively. EPS of the bank stands on Rs. 32.87and P/E ratio is 24.73 times.