Kathmandu. Currently, commercial banks with government ownership are declaring dividends in a hurry. Till the time of preparing the news, 10 out of 20 commercial banks have declared dividends. 9 banks, including the government-owned National Commercial Bank, are yet to declare dividends. They are preparing to announce the dividend distribution.

With the slowdown in the economy, the majority of banks that have been giving both cash and bonus dividends in the past year have shrunk. Out of the 10 banks that have announced dividends so far, only four have announced both cash and bonus distributions. The number of commercial banks giving both cash and bonus is less.

Only Global IME and Sanima, Everest and SBI Bank have announced to give both cash and bonus dividends. Everest Bank has said that 20.53 dividend will be distributed in the form of 10 percent bonus shares and 10.53 percent cash of the paid-up capital. SBI Bank has announced to distribute dividend at the rate of 10.55 percent of the paid up capital.

Sanima Bank said that a total of 14.70% dividend will be distributed in the form of 9% bonus shares and 5.7% cash. Similarly, Global IME Bank has announced to give 8% cash dividend and 1% bonus shares out of the 9% dividend of the current paid-up capital.

Among the remaining 6 banks, Nabil, Citizens, Standard Chartered and Siddharth Bank have announced that they will distribute cash dividends only. NIC Asia and Machhapuchhre Bank are the only ones that distribute bonus only.