KATHMANDU, Oct 8: Lumbini Bank Ltd has announced 15 percent stock dividend to its shareholders.
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Issuing a press statement, the bank said that its board of directors' meeting held recently decided to propose 15 percent bonus shares to its shareholders from the net profit it earned in the last fiscal year 2014/15.
"The proposed dividend and the financial report of the bank have been sent to Nepal Rastra Bank (NRB) for the approval," the statement added. The dividend is subject to approval of the NRB and bank's annual general meeting, it added.