Bank of Kathmandu (BoK) has posted a net profit of Rs 361.5 million for the fiscal year 2007-08 — a growth of 37.77 per cent in comparison to the last fiscal year. The 306th board meeting of the bank on Wednesday decided to propose the bonus share @ 40 per cent and cash dividend @ 2.11 per cent to shareholders from the profit, subject to NRB approval. "The bank has increased its deposits by 27.8 per cent and loans and advances by 32.6 per cent, compared to last fiscal year," said a press release. It also reduced non-performing loans to 1.86 per cent.
Source: The Himalayan Times
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Monday, September 22, 2008
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