Nepal SBI Bank Announces Dividend

Sep 30, 2019 10:19 AM Merolagani

Nepal SBI Bank (SBI) has announced a dividend of the last FY. The 441st Board of directors meeting of the bank held on September 29 decided to propose 16.84 percent dividend to its shareholders.

The bank will distribute 6 percent stock and 10.84 percent cash dividend to the shareholders. The proposed dividend is subjected to approval from NRB and its upcoming AGM.

In the previous FY, the bank distributed 15.79 percent dividend including 5 percent stock and 10.79 percent cash dividend.

Presently, the bank has paid-up capital of Rs 8.44 billion that will reach 8.95 billion after the bonus share distribution.

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