The bank has proposed of distributing 2.40 percent stock and 7.9145 percent cash dividend including tax. The proposed dividend is subjected to approval from NRB and upcoming AGM of the bank.
In the last FY, the company earned a net profit of Rs 54.5 million has maintained EPS of Rs 11.09. The bank has current paid-up capital of Rs 492.2 million that will reach Rs 504 million after bonus distribution.
Hamro Bikas Bank is being acquired by Jyoti Bikas Bank. Nepal Rastra Bank (NRB)provided final approval to Jyoti Bikas Bank (JBBL) to acquire Hamro Bikas Bank on August 28.
Jyoti Bikas and Hamro Bikas signed the agreement of acquisition on July 15. Both institutions have agreed to set a swap ratio as per due diligence audit (DDA) report.
