Kathmandu, November 13
Nepal SBI Bank has announced a dividend for its shareholders. The bank’s board of directors, at a meeting held this morning, decided to give shareholders a dividend of 8.25 percent of paid-up capital.
The dividend consists of 3.40 percent in bonus shares and 4.85 percent in cash, inclusive of tax. The bank said it will be distributed after approval from the upcoming annual general meeting (AGM) and Nepal Rastra Bank.
With this announcement, 12 commercial banks have so far declared dividends for their shareholders. Only four of them are yet to close their books. This means that anyone buying shares now will still be eligible for the dividend and to attend the AGM of these four banks: Nepal SBI, Laxmi Sunrise Bank, Standard Chartered and NMB Bank.
