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Tuesday, October 7, 2008

NIC Bank recommends 20pc bonus shares

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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