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Published On: September 6, 2016 08:19 PM NPT By: Republica

Nabil Bank to give 30% bonus shares, 15% cash dividend

KATHMANDU, Sept 6: The 436th board meeting of the Nabil Bank Ltd has decided to distribute 30 percent bonus share and 15 percent cash dividend to its shareholders subject to approval of the Nepal Rastra Bank.

According to a statement issued by the bank on Tuesday, the bank earned an operating profit of Rs 4.35 billion which is the highest among all banks in Nepal.

"Similarly, the bank has earned net profit of Rs 2.82 billion, a growth of 35 percent over the previous year, maintaining its lead position among private sector banks," the statement added.

Being the first joint venture commercial bank of the country, Nabil Bank has played an important role in pioneering modern banking services in the country, it claimed, adding: "It has served and tailored its services in line with the need of the customers."

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