The 218th board of directors meeting of the company held on September 10 proposed of distributing 10 percent stock and 3.75 percent cash dividend including tax. In the previous FY, the company distributed 15 percent stock dividend.
The proposed dividend is subjected to approval from NRB and the upcoming AGM of the company.
The bank has a paid-up capital of Rs 2.53 billion. It earned a net profit of Rs 437.8 million and maintained EPS of Rs 17.27 in the last FY. The bank has net worth per share of Rs 128.69 and P/E ratio of 10.54 times.
