Nabil Bank Limited has decided to provide 35% cash dividend and 50% bonus share from the profit of fiscal year 2008/09 after the BOD meeting held on 20th August 2009. The proposal should be approved by Nepal Rastra Bank and upcoming AGM of Nabil before shareholders can get rejoice of the dividends. At previous year 2007/08, the bank had provided 60 percent cash dividend and 40 percent bonus share.According to the fourth quarter financial report of the bank, it had operating profit of Rs. 1.570 billion along with 1.031 billions net profits on 2008/09. Likewise, NPL to total loan stands at 0.80 and total loan loss provision to total NPL is 181.93. The bank has 2.502 billions in reserve and surplus with only Rs. 965.747 millions paid up capital. Today, the share price of Nabil closed at Rs. 4905 from opening of Rs. 4901.
Source: Jamb News Service
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