NIC Bank has announced that its board has recommended 20 percent bonus shares (two shares for every 10) and 1.05 percent dividend to shareholders for Fiscal Year 2007/08. Issuing a statement, the bank said that the decision was subject to approval by Nepal Rastra Bank and its annual general meeting, which is to be held shortly. NIC Bank said it made a net profit of Rs. 243 million in the last fiscal year, which was 53 percent higher than in the previous year.
Source: Ekantipur
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Tuesday, October 7, 2008
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