Nabil Bank passes 35% dividend

Jan Wed 2021 06:46:37

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Nabil Bank passes 35% dividend

Kathmandu. Nabil Bank's proposed 35.26 percent dividend has been passed. The 36th annual general meeting of the bank held on January 12 passed the resolution of the board of directors. Along with this, the shareholders will get 33.5 percent bonus and 1.76 percent cash dividend of the current paid up capital from the profits of the Fiscal Year 2076/77 and a total dividend of 35.26 percent. Similarly, the bank's share capital has exceeded Rs 13.48 billion after the bonus shares. The meeting also elected Ananta Poudyal and Pravin Tiwdewala, who represented the general shareholders' group, unopposed. A.W. The bank has managed to achieve the highest profit of Rs. 3.46 billion among the private sector banks in 2076/77. The bank has expanded its net worth to Rs 237 billion by earning a return of 13.61 percent and earnings per share of Rs 36.16.