Eleven of the 20 commercial banks have decided to distribute dividends from their profits by the end of the last fiscal year, 2023/24.
Nine banks—Nepal Bank Limited, Nepal Investment Mega Bank, Kumari Bank, NIC Asia Bank, Machhapuchhre Bank, Rastriya Banijya Bank, Himalayan Bank, NMB Bank, and Prabhu Bank—have chosen not to distribute dividends. The remaining 11 banks have already approved the proposal for dividend distribution at their general meetings.
Among these 11, Standard Chartered Bank has offered the highest dividend at 25.5%, consisting of 6.5% bonus shares and 19% cash. Everest Bank follows with a 15.53% dividend—10% bonus shares and 5.53% cash. Nabil, Sanima, Prime Commercial, and Siddhartha banks have decided to provide 10%, 5.26%, 5%, and 4% cash dividends, respectively. Global IME Bank has announced a 5.5% bonus share.
The remaining four banks—Nepal SBI Bank, Agricultural Development Bank, Laxmi Sunrise Bank, and Citizens Bank International—will offer dividends of 10.65%, 10.53%, 5.26%, and 4.21%, respectively, including a mix of bonus shares and cash.