The 853rd board of directors meeting of the bank held on December 14 decided to propose 15.07895 percent dividend to its shareholders.
The bank will distribute 15 percent stock and 0.7895 percent cash dividend for tax purposes.
Moreover, the meeting has decided to propose 6 percent cash dividend to the government for its irredeemable noncumulative preference shareholding.
The proposed dividend is subjected to approval from NRB and its upcoming AGM.
