Nepal SBI Bank to Distribute Bonus Shares and Cash Dividend

October 4: Nepal SBI Bank will distribute 28 percent bonus shares to its shareholders. Similarly, the bank will also distribute 1.53 percent cash dividend for tax purpose out of the net profit earned last year and the profit earned during previous years. A meeting of the board of directors of the bank held on October 3 approved the distributions. The distribution of the bonus shares is subjected to approval from central bank and the upcoming 23^rd AGM of the bank. Nepal SBI Bank earned net profit of Rs 1.33 billion in the last fiscal year.