NMB Bank Announces Dividend

Nov 11, 2019 09:41 AM Merolagani

NMB Bank (NMB) has announced dividend of the last FY. The board of directors meeting of the bank held on November 10 decided to propose 35 percent dividend to its shareholders.

The bank will distribute 21 percent stock and 14 percent cash dividend including tax to the shareholders.

The proposed dividend is subjected to approval from NRB and its upcoming AGM. The paid-up capital of the bank will reach Rs 13.95 billion after the bonus share distribution.

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