Nepal Investment Bank proposed to give 33% dividend

Kathmandu  September 28. Nepal Investment Bank has proposed to provide 33% bonus share and 1.74% cash dividend for tax provision from its Rs.1 billion 960 million profit.

Board of Directors, BOD of the bank proposed for the 33% bonus share and 1.74% cash dividend on the meeting held on Monday.

At present, its paid-up capital is 2 billion 430 million and reserve is 2 billion 470 million. After distributing bonus share, its paid-up capital reaches 6 billion 340 million which will be the maximum paid-up capital among the private commercial banks.

Once the proposal is approved by NRB and annual general meeting, company will distribute the allocated dividend to the investors.