KATHMANDU, Dec 14: A number of banks and financial institutions have approved their proposed dividends through their annual general meeting (AGM) held last week.
Nabil Bank Limited has endorsed a 10 percent cash dividend for its shareholders. The 40th AGM of the bank held on Friday approved the cash dividend out of its net profits of Rs 6.2 billion of the fiscal year 2023/24. During the period, the bank witnessed its deposits growth of 16.41 percent and an increase in loans by 13.65 percent.
Nabil Bank to give 30% bonus shares, 15% cash dividend
Global IME Bank will be providing 5.5 percent bonus shares to its shareholders. The 18th AGM of the bank held on Thursday, approved the dividend. Following the issuance of the bonus shares, the bank’s paid-up capital will stand at Rs 38.11 billion.
Likewise, Forward Microfinance Laghubitta Bittiya Sanstha Limited will be providing its shareholders with a 14 percent dividend to its shareholders. The 12th AGM of the microfinance company conducted last week endorsed 13.30 percent bonus share and cash dividend of 0.70 percent. In the revised financial report, the company’s paid-up capital will reach Rs 1.19 billion.
