Shareholder will get 11.11 percent dividend Only

Kathmandu. The net profit of the Agriculture Development Bank has decreased by 17.26 percent. The bank has reduced its net profit by Rs. 723.5 million to Rs. 3.46 billion in the last fiscal year 2076/77 as compared to the previous fiscal year.

According to the bank's financial statement made public last fiscal year, the bank's distributable profit for the same period is Rs 1.66 billion. The paid up capital of the bank is Rs. 14.98 billion. Accordingly, the bank will be able to distribute dividend to 11.11 percent shareholders from last year's profit.

Similarly, earnings per share decreased by 18.71 percent compared to the previous year. The earnings per share was Rs 40.45 in the previous fiscal year but it has been limited to Rs 32.88 in the last fiscal year.

The bank's non-performing loan ratio is 2.71 percent, cabaret rate is 9.26 percent and spread rate is 4.44 percent.