KATHMANDU: Nabil Bank Limited has proposed a total dividend of 15.80 percent to its shareholders from the distributable profit of the fiscal year 2082/83. The decision was made during the 712th meeting of the bank’s board of directors held on Sunday.
The proposed dividend includes 5 percent in bonus shares and 10.80 percent in cash dividend. The bank has allocated Rs 1.35 billion for bonus shares and Rs 2.92 billion for cash dividends, both of which include applicable taxes. The bank’s paid-up capital for ordinary shares stands at Rs 27.05 billion.
Additionally, the board has proposed an 8 percent cash dividend on the bank’s 8 percent irredeemable non-cumulative preference shares. This dividend amounts to Rs 233.42 million, calculated on a pro-rata basis for 213 days from the date of allotment in the fiscal year 2082/83. The paid-up capital for these preference shares is Rs 5 billion.
The bank stated that the dividend proposal aims to provide fair returns to shareholders based on the satisfactory financial results and sustainable business growth achieved during the fiscal year. The distribution of the dividend is subject to approval from Nepal Rastra Bank and ratification by the bank’s upcoming annual general meeting.
Nabil Bank is a leading private commercial bank in Nepal. It currently serves over 2.6 million customers through a network of 263 branches and 315 ATMs across the country. The bank has been providing banking services for four decades and continues to focus on its ‘Banking and Beyond’ initiative to support customers and the national economy.
