Muktinath Bikas Bank Announces Dividend of Last FY

Oct 25, 2019 01:13 PM Merolagani

Muktinath Bikas Bank (MNBBL) has announced dividend of the last FY. The board of directors meeting of the bank held on October 24 decided to propose 17.60 percent stock and 0.93 percent cash dividend for tax purpose to the shareholders.

The dividend is receivable by 20% right shareholders issued recently. The proposed dividend is subjected to approval from NRB and its upcoming AGM.

Presently, the company has a paid-up capital of Rs 3.67 billion that will reach Rs 4.32 billion after the stock dividend.

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