Fri, Apr 26, 2024
NRB has approved dividend proposal of Shine Resunga Development Bank (SHINE). The central bank has approved the bank to distribute 17.70 percent stock and 0.93 percent cash dividend for tax purpose.
Following the approval, Shine Resunga will distribute stock dividend worth Rs 244 million and cash dividend worth Rs 12.8 million to the shareholders.
The bank will distribute the dividend to the shareholders after approval from its upcoming AGM.
The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.
