Tue, Apr 16, 2024
Shine Resunga Development Bank (SHINE) has announced dividend of the last FY. The 214th board of directors meeting of the bank held on March 14 decided to propose 15 percent stock dividend to its shareholders.
The bank will distribute stock dividend worth Rs 393.4 million to its shareholders. The proposed dividend is subjected to approval from NRB and the upcoming AGM of the bank.
Hydropower companies are set to benefit from declining interest rates. The companies that are developing their projects by borrowing loans from banks and financial institutions (BFIs) will have less burden of interest from the interest cut.
