Prabhu Bank declared 12.63 percent dividend

Nov Wed 2021 01:38:03

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Prabhu Bank declared 12.63 percent dividend

Kathmandu. Prabhu Bank Limited has proposed a total dividend of 12.63 percent from the profits of the last fiscal year 077/78. It has been decided to distribute 12 percent bonus shares and zero point 63 percent cash dividend for tax purposes on the basis of 11 billion 347 million 57 thousand.

The proposed dividend of the bank will be distributed after the approval of Nepal Rastra Bank and the approval of the next annual general meeting. The bank has proposed a higher dividend this year than last. Last year, the bank had paid 10 percent bonus shares and 0.53 percent cash dividend for tax purposes.