Kathmandu. Himalayan Bank has proposed the highest dividend of 26 percent from the last fiscal year's profit. The bank has proposed a 21.38 percent bonus share and a 4.62 percent cash dividend for tax purposes this year. This year, the bank is set to distribute higher dividends than in the past three years.

Last year, the bank distributed a total of 20 percent dividend, including 14 percent bonus shares and 5 percent for tax purposes. Last year, the bank had distributed 10 percent bonus shares and 12 percent cash dividend, including tax purposes, for a total of 22 percent. Looking at the dividend history of the last five years, the bank had distributed the lowest total dividend of 15.78 percent from the profit of the fiscal year 2074/75. The bank had distributed 5 percent bonus shares and 10.78 percent cash dividend for tax purposes from the profits of the year.

From the profit of the Fiscal Year 2073/74, the Bank had distributed a total of 26.32 percent more dividend than this year. The bank has distributed 25 percent bonus shares and 1.32 percent cash dividend for tax purposes from the profits of that year. As per the unrevised financial statement up to the fourth quarter of the last fiscal year, the bank's paid-up capital is Rs. 10.68 billion. The distributable profit of the bank till that period was Rs. 2.16 billion 98.84 million.