Machhapuchchhre Bank Declares Dividend

Aug 29, 2019 09:32 AM Merolagani

Machhapuchchhre Bank (MBL) has announced a dividend of the last FY. The board of directors meeting of the bank held on August 28 decided to propose 16 percent dividend to its shareholders.

The bank proposed to distribute 16 percent dividend including 11 percent cash and 5 percent stock dividend. In the previous FY, the bank distributed 10 percent cash dividend.

The proposed dividend is subjected to approval from NRB and its upcoming AGM.

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