Kathmandu. 3 commercial banks have proposed to distribute dividends to the shareholders from the profits of the last financial year. Although they proposed to distribute dividends a little later than last year, only 3 banks have proposed to distribute dividends so far.

Kumari Bank, Citizens Bank and Nepal Infrastructure Bank (NIFRA) have proposed to distribute dividends to the shareholders from the profit of the last financial year. All these 3 banks will not distribute bonus shares.

Kumari Bank has proposed to distribute 12.50 percent cash dividend to the shareholders. The meeting of the board of directors of the bank held on October 14 proposed to distribute the dividend.

The bank has proposed to distribute 12.50 percent cash dividend (including tax) of the paid-up capital from the profit of the financial year 2078/079. The bank will not distribute bonus shares. Currently, the paid up capital of the bank is 14.71 billion rupees.

Similarly, Citizens Bank has proposed to distribute 9 percent dividend to the shareholders of the paid up capital from the profit of the last financial year 2078/079.

The meeting of the board of directors of the bank has proposed to distribute a cash dividend equal to 9 percent i.e. 1 billion 278 million 87 thousand rupees to the shareholders. The current paid-up capital of the bank is 14 billion 20 million 974 thousand rupees.

The bank has called the annual general meeting on the 4th of October with the proposal to distribute the dividend. The meeting of the bank will be held at 11 am in Kathmandu.

Similarly, Nepal Infrastructure Bank (NIFRA) has decided to distribute cash dividends to shareholders. The bank has proposed to distribute 4.2105 percent cash dividend to the shareholders from the profit of the financial year 2078/079.