Kathmandu. NIC Asia Bank has proposed dividend. The 460th meeting of the Board of Directors of the Bank It is proposed to distribute 20 percent dividend (Rs. 1.94 billion) of the bank's paid up capital from the profits and accumulated profits of 2076/77.

 The meeting has decided to pay 19 percent bonus share of Rs 1.84 billion out of the proposed dividend and 1 percent cash dividend of Rs 97.2 million for tax purposes. The proposed dividend will be distributed to the shareholders of the bank after completing the necessary regulatory process after the approval of the upcoming 23rd Annual General Meeting of Nepal Rastra Bank.

The bank The company had managed to earn Rs 31.89 per share in 2076/77 and out of the very few commercial banks on an annual point basis towards net profit, the bank managed to earn Rs 3.9 billion with an increase of 2.49 per cent (Rs 7.52 crore). Was done. The return on own capital of the bank is 19.26 percent and this bank has succeeded to be the first among the private sector banks in the country in terms of self-capital return.

Bank's A.V. In 2076/77, the market share in total loans stood at 6.20 percent and increased by Rs. 24 billion on an annual basis to Rs. 174 billion. The total credit growth of other commercial banks in the last Fiscal Year 2011/12 was 7.41 percent.

The overall commercial banks have been able to increase their credit by 16 percent (Rs. 24 billion) in the last fiscal year (after adjusting for growth of Rs. 321 billion due to merger). This is the highest growth of commercial banks in that fiscal year.

 At the end of last fiscal year, the market share of the bank's domestic currency deposit collection was 6.20 percent and it has increased by Rs 38 billion on an annual basis to Rs 211 billion. This is 7.3 percent of the total growth of commercial banks in the last fiscal year.