20 percent Cash Dividend by NIC Asia

Kathmandu, Dec. 20-NIC Asia has proposed 20 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.

The BoD meeting of the bank held yesterday took the decision to this effect. The decision, however, is subject to the approval of Nepal Rastra Bank and the upcoming AGM of the commercial bank.

The bank had posted a net profit of Rs 64.20 crore in the last fiscal year. Its EPS stood at 47.41 and return on equity at 14.63 percent.