Purnima Bikas Bank to distribute Bonus Share

Kathmandu, Jan 24,

Purnima Bikas Bank Limited is going to distribute 10% Bonus Share Certificate to its shareholders from (12th Magh, 2070). 

BPC proposes 18% cash dividend; announces book closure on Feb 5

Kathmandu, January 14

Butwal Power Company Limited has offered 18 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.

The BOD meeting of the company has just taken decision to this effect.

The proposed dividend is, however, subject the approval of the upcoming Annual General Meeting of BPCL, which is slated for February 23.

Mega Bank endorses 9% dividend; Directors elected

Kathmandu, Jan 14,

Mega Bank Nepal Limited’s third Annual General Meeting has formally endorsed 9 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.

Formed in about two years ago, Mega Bank had posted an impressive net profit of Rs.17.73 in the last fiscal year. 

Chairman of the bank Prof Dr Madad Kumar Dahal said that the

Swabalamwan Laghubitta endorsed 27% dividend, including 14% bonus shares

Kathmandu, Jan 12

Swabalamwan Laghubitta Bikas Bank Limited held its 12th Annual General Meeting today.

The AGM at Naxal Banquets, Narayanchour has endorsed 13.36 percent cash dividend and 14 percent bonus shares to its shareholders. 

It is also scheduled to increase the micro-finance development bank’s capital base.

The microfinance development bank had posted a net profit of Rs 6.64 crore in the last fiscal year and went on to post additional net profit of over Rs 2 crore in the first quarter of the current fiscal year

Grand Bank proposes 4.75 percent cash dividend

Kathmandu, Jan 12

Grand Bank Nepal Limited has proposed 4.75 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.

The proposed dividend, however, is subject to the approval of Nepal Rastra Bank and the upcoming AGM of the commercial bank.

Grand Bank had posted a net profit of Rs.20.05 crore in the last fiscal year of 2069/70.

Lumbini Bank's endorses 8.46 % dividend. paid-up soars to Rs 1.72 arba

Kathmandu, Jan 12

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The 16th Annual General Meeting of Lumbini Bank Limited held on Friday has endorsed 8 percent bonus shares and 0.46 percent cash dividend to the shareholders from the net profit the commercial bank posted in the last fiscal year 2069/70.

The AGM was held at the Chitwan  at FNCCI in Narayangarh, the bank management also informed that bank's paid-up capital has soared to Rs 1.72 arba.

LICN Proposes 30 percent bonus share

Kathmandu, January 7

Life Insurance Corporation Nepal Limited (LICN)  has proposed 30 percent bonus share to its shareholders from the net profit it posed in the last fiscal year of 2069/70.
The decision was taken by the company’s 66th BOD meeting which was held on Monday. 

Amending its previous decision to

Himalayan Bank finally announces 15% dividend; some respite to shareholders

Kathmandu, Jan 2

Himalayan Bank Limited has proposed 15 percent dividend, including 5 percent bonus shares, to its shareholders from the net profit it earned in the last fiscal year.

A BoD meeting of the commercial bank has just proposed the dividend, which, however, is subject to the approval of Nepal Rastra Bank and the AGM of the bank.
Nevertheless, this has come as a relief to the shareholders.

Though one of the leading commercial banks had posted a net profit of Rs.102.44 crore in the last fiscal year of 2069/70, the returns became doubtful in the wake of the Melamchi drinking water project debacle.

It may be noted here that the Bank of Kathmandu and the shareholders

Reliance Finance distributing 8 percent cash dividend

Kathmandu, Jan 1

Reliance Finance Ltd. is distributing 8 percent cash dividend from today 1 Jan, 2014 to its share holders

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NMB Bank distributing cash dividend warrants from today

Kathmandu, Jan 1

NMB Bank Limited is distributing 10% cash dividend warrants to its shareholders from today. The dividend warrants can be collected from the bank’s RTS NMB Capital at Babarmahal from 10:00 AM to 2:30 PM from Sunday through Thursday and from 10:00 AM to 1:00 PM on Friday.

The Distribution is according to share certificate number. Please see list below for your date.