Nerude Microfinance Development Bank proposed to distribute 46.32% dividend

Kathmandu October 27- Board of Directors of Nerude Microfinance Development Bank have proposed of 44%of bonus share and 2.32%of cash dividend for tax provision for its shareholders. After the proposed bonus share is issued, its paid up capital will increased to 180 million.

Proposed dividend is subjected to distribute among investors after the approval of NRB and forthcoming AGM.

Bank earned 83.7 millions profit in last fiscal year. It collected 353.2 million deposit and lended1 billion 651.5 million  which is 27.75% and 29.50% annual increment respectively. Bad debt of bank is 1.08% . EPS of bank stands at Rs. 67.01 while price earning ratio is 21.28 times.