Thu, Apr 25, 2024
Nepal Investment Bank (NIB) has announced dividend of the last FY.
The board of directors meeting of the bank held on November 15 decided to propose 4 percent stock and 7 percent cash dividend including tax to its shareholders.
The proposed dividend is subjected to approval from NRB and its upcoming AGM.
The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.
