Dividend of 19% announced by Metro Development Bank

Kathmandu September 30. Board of directors of Metro Development Bank has proposed of 19% bonus share of total paid-up capital and 1% cash dividend for tax provision. After issuing bonus share, its paid up capital will increase up to Rs. 241 million.

If the proposal is approved by Nepal Rastra Bank and Annual General Meeting of the bank, investors will be distributed allocated dividend.

Metro bank earned Rs. 47 million operating profit last FY, It has increased its deposits by 32.27% reaching 2 billion 110 million and lending by 32.22% reaching 1 billion 740 million last year. It has bad debt of 0.11%.