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NIC to give 15 pc bonus shares

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KATHMANDU, Dec 20: The annual general meeting (AGM) of NIC Bank has approved the bank´s decision to issue 15 percent bonus shares and 0.79 percent cash dividend. [break]



According to a press statement, the bank reported increase in its net profit by 11 percent to Rs 107.37 million during the first three months of current fiscal year as compared to the same period last year.



The net profit of the bank during the fiscal year 2008/09 rose by 31 percent to Rs 317.43 million as compared to the preceding year. The bank also succeeded to increase its deposits and loan disbursements by 19 percent and 21 percent respectively.



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