September 7, Kathmandu.
Nabil Bank Limited has proposed to distribute a total of 15.80% dividend to its shareholders from the distributable profit of the fiscal year 2082/83.
The bank’s Board of Directors, at its 712th meeting held on Sunday, proposed to distribute a total dividend of 15.80% for ordinary shares, comprising 5% bonus shares and 10.80% cash dividend.
The total amount for the proposed bonus shares is NRs 1,352,849,836.46 and for the cash dividend is NRs 2,922,155,646.76. This amount includes the tax applicable on bonus shares and cash dividend.
Similarly, the meeting has proposed to distribute a cash dividend of NRs 233,424,657.53 for the bank’s 8% irredeemable non-cumulative preference shares, at the rate of 8% of the paid-up capital (pro-rata for 213 days from the date of distribution in fiscal year 2082/83) (including tax).
The bank’s paid-up capital for preference shares is NRs 5 billion, while the paid-up capital for ordinary shares is NRs 27,056,996,729.26.
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This dividend has been proposed with the aim of providing appropriate returns to shareholders, based on the satisfactory financial results achieved and sustainable business growth by the bank in the fiscal year 2082/83.
The distribution of this dividend will only be implemented after approval from Nepal Rastra Bank and passage by the bank’s upcoming Annual General Meeting. The bank has expressed heartfelt gratitude to all shareholders, customers, regulatory bodies, and employees who have continuously shown trust and support towards Nabil Bank.
Nabil Bank is a leading commercial bank in the private sector. The bank provides services to over 2.6 million customers through its network of 263 branches and 315 ATM machines across the country.
The bank, which has been providing quality banking services for four decades, is currently strongly advancing the ‘Banking and Beyond’ concept with the aim of building an inclusive and prosperous future for customers, the community, and the overall economy of the country.
For more: Nabil Bank Proposes 15.80% Dividend
