25 commercial banks of Nepal announced 39 billion dividend

Dec Tue 2020 08:25:12

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25 commercial banks of Nepal announced 39 billion dividend

25 commercial banks have declared dividends. Except Rastriya Banijya Bank and Civil Bank, all the other banks have declared dividends to be paid to the shareholders this year from the last financial year's profit.

Commercial banks that have declared dividends so far have declared a dividend of Rs 39.4 billion. This is an average of 14.55 percent of the paid up capital of banks. Of this, 11.81 per cent is bonus shares and 2.74 per cent cash dividend is proposed to be distributed. Out of the total dividend of Rs 39.4 billion, Rs 31.68 billion has been allocated for bonus shares and Rs 7.36 billion for cash dividends.

Nabil Bank has paid the highest dividend this year. The bank has proposed a dividend of 35.26 percent. Out of this, 33.5 percent bonus shares and 1.76 percent cash dividend have been announced.

 Himalayan Bank and NIC Asia Bank have announced 20/20 percent dividend. NIC Asia Bank has announced 19 percent bonus share and 1 percent cash dividend and Himalayan Bank has announced 14 percent bonus share and 6 percent cash dividend. Of these, NIC Asia's dividend has already been passed by the general assembly.

Nepal Investment Bank is the fourth bank to pay the highest dividend. The bank has paid 18.5 percent dividend. Of this dividend, 13 percent is bonus shares and 5.5 percent is cash dividend.

Similarly, NMB Bank has declared a dividend of 16.2 per cent, which includes 13 per cent bonus shares and 3.2 per cent cash dividend.

Nepal Bank, Bank of Kathmandu and Global IME Bank have declared the same 16 percent dividend. Of that, Global IME has proposed 14 percent bonus and 2 percent cash, Bank of Kathmandu has proposed 13 percent bonus and 3 percent cash and Nepal Bank has proposed 12 percent bonus and 4 percent cash dividend. Out of this, dividend of Bank of Kathmandu has already been distributed.

Similarly, the Agriculture Development Bank has proposed to pay 15 percent bonus share and cash dividend for the tax levied on it. Prime Commercial Bank and Siddhartha Bank have decided to pay the same 15/15 percent dividend. Prime's 15 percent bonus share and Siddhartha Bank's 12 percent bonus and 3 percent cash dividend have been proposed.

Kumari Bank has announced a dividend of 10.85 per cent and a cash dividend of 3.15 per cent for the proposed 14 per cent dividend this year.

Sanima Bank has proposed to pay 10 percent bonus and the remaining 3.6 percent cash dividend this year.

Similarly, Mega Bank with 10 percent cash dividend and 3.05 percent cash 13.05 percent, Standard Chartered Bank with 7 percent cash dividend and 4.84 percent cash with 11.84 percent, Lakshmi Bank with 9.5 percent cash dividend and 2 percent cash with 11. Citizens Bank has proposed to pay 5 percent and Citizens Bank 8 percent cash dividend and 11 percent dividend including 3 percent cash. Of these, the dividend of Mega Bank is higher than the previous year and the dividend of other banks is lower than the previous year.

 NCC Bank has 10.2695 per cent bonus shares and 10.401 per cent with 0.5405 per cent cash, Everest Bank has 5 per cent bonus shares and 5.5 per cent cash with 10.5 per cent, Prabhu Bank has 10 per cent bonus shares and 0.5263 per cent with cash. Machhapuchhre Bank has proposed to distribute 5263 percent and 7.03 percent bonus shares and 10.3 percent dividend including 3.37 percent cash.

SBI Bank with 6% bonus share and 3.47% cash with 9.47%, Nepal Bangladesh Bank with 6% bonus share and 2.42% cash with 8.42%, Sunrise Bank with 5.8% bonus share and 2.48% cash with 8 .28 percent and Century Commercial Bank has proposed to pay 7.5 percent dividend including 5 percent bonus shares and 2.5 percent cash.