Excel Development Bank Announces Cash Dividend

Sep 16, 2018 Merolagani

Excel Development Bank (EDBL) has announced cash dividend to its shareholders. The 213th board of directors meeting of the company held on September 16 decided to propose 17 percent cash dividend to its shareholders.

In the previous FY, the company distributed 30.12 percent stock and 1.58 percent cash dividend.

The company will distribute Rs 117.7 million in cash dividend including tax to the shareholders. The proposed dividend is subjected to approval from NRB and the upcoming AGM of the company.


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