The 359th board meeting of Bank of Kathmandu (BoK) held on Wednesday decided to propose 40 percent bonus share and 7.37 percent cash dividend to its shareholders.
According to a press release, the bank earned a net profit of Rs 461.73 million in the last fiscal year, which was a growth of about 28 percent compared to the preceding fiscal year. The decision of the board, however, is subject to the approval of Nepal Rastra Bank.
Moreover, the release notes that the bank has managed to increase its deposits by 14.21 percent and loans and advances by 17.24 percent in 2008/09, compared to the previous year. The bank has also announced that its non-performing loans in the last fiscal year have dropped to 1.27 percent from 1.86 percent of a year ago.
Source:Republica
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