NIC Asia Bank Proposed by to distribute 15.789 percent dividend

Oct Tue 2021 01:56:24

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NIC Asia Bank Proposed by to distribute 15.789 percent dividend

Kathmandu. NIC Asia Bank It is proposed to distribute 15.789 percent dividend (Rs. 1.82 billion 58 million) from the profit of 2077/78.

 The meeting decided to provide 15 percent bonus share (Rs. 1.73 billion) and 0.789 percent cash dividend (Rs. 912.94 million) of the proposed dividend for dividend 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 24th Annual General Meeting of Nepal Rastra Bank and the Bank.

The bank In 2077/78, earnings per share stood at Rs. 28.18 crore while the net profit was around Rs. It has managed to earn Rs. 3.26 billion. The bank's own capital return (CBV) is 17.09 percent and it has managed to be in the first place among the commercial banks of the country in terms of self-capital return.