The 142nd BOD meeting dated on 14th September 2009 (2066 Bhadra 29) of Ace Development Bank has decided to propose Rs. 41275520 cash dividend (which is 5.5% of paid up capital Rs. 750464000) from the profit of fiscal year 2065/66 subject to approval from NRB and its upcoming AGM. According to the fourth quarter financial report of the bank, it has earned Rs. 57.692 million net profits and Rs. 79.541 operating profit. The bank has Rs. 750.464 million paid up capital and holds Rs. 106.751 million in its reserve and surplus. Earlier the bank had issued 10:6.40 right shares to its shareholders who hold shares before 2066 Baishakh 24 (book closure date). The bank has NPL to total loan at 0.03 percent and 2953.32 percent as total loan loss provision to total NPL.Source:Jamb News Service
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