Kathmandu. Machhapuchchhre Bank last fiscal year 2081. It has become the first commercial bank to declare dividend for 82.
A meeting of the bank’s board of directors held on Friday decided to distribute a dividend of 8 percent of the current paid-up capital to the shareholders from the profits of the fiscal year. These include 4 percent bonus shares and 4 percent dividend (including taxes). Machhapuchhre Bank had a dividend potential of 9.23 per cent in the last fiscal year.
The meeting decided to send the financial statement along with the proposed dividend to The Nepal Rastra Bank for approval. After approval from the central bank, the dividend will be distributed to the shareholders after approval from the upcoming Annual General Meeting.
