Kathmandu. Kumari Bank is set to pay a total dividend of 14 percent to shareholders this year. A meeting of the Board of Directors of the bank on October 19 proposed to pay 10 percent bonus share and 4 percent cash dividend for the last fiscal year 2076/77. This dividend will be distributable only after the approval of Nepal Rastra Bank and the approval of the next general meeting.

Kumari Bank has started integrated business from July 11 after acquiring Dev Bikas Bank. The bank, which has completed the acquisition process, will be exempted from tax on bonus shares this year. Therefore, Kumari Bank shareholders will receive only 14 percent dividend.

Currently, the bank's paid-up capital is Rs. 12.52 billion 49 thousand. By mid-July last year, the bank had raised Rs. It has made a net profit of Rs 1.22 billion. The bank's distributable profit for the period was Rs. 71.28 million 83 thousand. Kumari Bank's dividend has increased this year as compared to last year. Last year, the bank paid a 10 percent bonus share and a 0.53 percent cash dividend.