KATHMANDU, Sept 28: Bank of Kathmandu (BoK) has announced that it will distribute 26 percent bonus shares to its shareholders from the net profit earned in Fiscal Year 2014/15.
Related story
NOC to distribute Rs 58 million as bonus to its employees
Issuing a statement, the bank said that the meeting of its board of directors (BoD) held on Monday decided to distribute stock dividend amounting to Rs 551.26 million, or 26 percent of its paid-up capital, and cash dividend of 1.37 percent for tax purpose.
The decision to distribute the dividend, however, is subject to approval of Nepal Rastra Bank (NRB) and the bank's upcoming annual general meeting, according to the statement. BoK registered net profit of Rs 334.57million in the last fiscal year.
