Sat, Aug 15, 2020
Kamana Sewa Bikas Bank (KSBBL) has proposed of distributing 12 percent dividend. The 249th board of directors meeting of the bank held on June 13 proposed of distributing 5.50 percent stock and 6.50 percent cash dividend to its shareholders.
The bank will distribute bonus share of Rs 237.2 million and cash dividend worth Rs 130.4 million to the shareholders.
The proposed dividend is subjected to approval from NRB and the upcoming AGM of the bank.
The net profit of Civil Bank (CBL) has decreased by 35.40 percent in the fourth quarter of the last FY. The bank earned a net profit of Rs 457 million in the review period compared to Rs 700.7 million of the corresponding period of the previous FY.
