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Friday, October 9, 2009

Cash Dividend of KIST Bank Limited

The BOD meeting of Kist Bank Limited held on 23rd September 2009 (2066 Aswin 7) has decided to propose 3.50 percent cash dividend to its shareholders from the profit of fiscal year 2065/66. It has also decided to present the financial statement of the fiscal year 065/66 to Nepal Rastra Bank for its approval..

According to the fourth quarter financial report of the bank, it has earned Rs. 88.376 million net profit and Rs. 136.863 millions as operating profit. It has Rs. 2 billions as paid up capital and holds Rs. 113.832 millions in its reserve and surplus. Likewise, the bank has NPL to total loan 0.20 percent and total loan loss provision to NPL stands at 546.90 percent
Source:Jamb News Service

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