Kathmandu. Excel Development Bank has declared a dividend for the last fiscal year. The bank has proposed to distribute 12.63 percent dividend from the profit of the fiscal year 2076-07.

The Board of Directors meeting held on April 10 proposed to distribute 12.6 percent bonus share of the existing paid up capital and 0.63 percent cash for tax purposes. At present, the paid up capital of the organization is Rs. 811.1 million. After 12 percent bonus, the paid up capital of the organization will reach Rs. 908.4 million.

The shareholders will get the same amount of dividend only after the proposal is passed by the next annual general meeting of Nepal Rastra Bank and the institution.