Laxmi Bank Announces Dividend

Nov 03, 2019 11:22 AM Merolagani

Laxmi Bank (LBL) has announced a dividend of the last FY. The 221st board of directors meeting of the bank held on November 3 decided to propose 15 percent dividend to its shareholders.

The bank will distribute 10 percent stock and 5 percent cash dividend to the shareholders. The proposed dividend is subjected to approval from NRB and its upcoming AGM.

After the bonus share distirbutiion, the paid-up capital of the bank will reach Rs 9.81 billion.

 

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