Kathmandu. So far, five development banks have declared dividends for the financial year 2082/83. These banks have declared dividends to be distributed to their shareholders from the profits of the last financial year.
The development banks that have declared dividend so far are Shine Resunga Development Bank, Kamana Sewa Bikas Bank, Shangrila Development Bank, Miteri Development Bank and Garima Development Bank.
Shine Resunga Development Bank has decided to distribute a total dividend of 16 percent of the current paid-up capital from the distributable accumulated profits for the financial year 2082. This includes 6 percent bonus shares and 10 percent cash dividend (including tax). At present, the bank’s paid-up capital stands at Rs 5,02,19,72,729.93. The bank has already completed its general meeting.
Kamana Sewa Bikas Bank has proposed to distribute a cash dividend (including tax) of Rs 57,92,TAG_CLOSE_strong_20 89,622.24 out of the current paid-up capital of Rs 4,21,19,30,814.94 from the current paid-up capital of Rs 4,21,19,30,814.94 from the date of allotment of Rs 350,00,67,123.29 crore and ordinary share capital of Rs 3,86,19,30,814.94. The bank has already approved the proposed dividend by holding its general meeting on September 14.TAG_OPEN_strong_20
Shangri-La Development Bank for the financial year 2082. It has decided to distribute dividend of Rs 393,30,59,842.69 per cent of the current paid-up capital of Rs 3.73 billion from the accumulated profit of the current fiscal year.
This includes bonus shares worth Rs 14,93,62,740.22 of 4 per cent and cash dividend of Rs 24,36,97,102.47 (including tax on cash and bonus) of 6.5263 per cent. The bank has already concluded its general meeting.
Garima Bikas Bank TAG_CLOSE_strong_18 has decided to distribute a total dividend of Rs 6,02,13,48,367.22 from the profit of the last fiscal year. This includes 10 percent bonus shares and 10 percent cash dividend (including taxes). The bank has already completed its general meeting.TAG_OPEN_strong_18
Miteri Development Bank for the financial year 2082. It has decided to distribute a total dividend of 11 percent of the current paid-up capital of Rs 1.21 billion from the profits and accumulated profits of the last financial year. This includes 5 percent bonus shares and 6 percent cash dividend (including tax). The bank has not fixed the date of the AGM.TAG_OPEN_strong_17
Out of the five development banks that have declared dividend, the proposed dividend will still be available for the purchase of shares of Miteri Development Bank.TAG_OPEN_strong_16
