Tue, Apr 16, 2024
NIC Asia Bank (NICA) has announced dividend of the last FY. The 460th board of directors meeting of the bank held on October 20 decided to propose 20 percent dividend to its shareholders.
The bank will distribute 19 percent stock and 1 percent cash dividend for tax purpose.
The proposed dividendis subjected to approval from NRB and its upcoming AGM.
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.
