Nepal Investment Bank Announces Dividend

Dec 10, 2018 Merolagani

Nepal Investment Bank (NIB) has announced dividend of the last FY. The board of directors meeting of the bank held on December 9 decided to propose 40 percent dividend to its shareholders.

The bank proposed to distributing 40 percent dividend including 18 percent stock and 22 percent cash dividend to its shareholders. The proposed dividend is subjected to approval from NRB and the upcoming AGM of the bank.

Presently, the company has a paid-up capital of Rs 10.64 billion that will reach Rs 12.53 billion after the bonus share distribution.

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Himalayan Distillery’s Net Profit Declines by 39.5%

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