First Business News Portal in English from Nepal
KATHMANDU: Commercial banks listed on the Nepal Stock Exchange (NEPSE) have announced to pay dividends to investors from the last fiscal year’s profit.
Out of the total 27 commercial banks of the country, 26 listed in NEPSE have declared dividends including cash and bonus shares from the distributable profit of the fiscal year 2077/78. Some of the declared dividends have been decided by the banks after holding a general assembly and some of them are preparing for the general assembly to make the announcement.
According to figures made public so far, Nabil Bank is set to distribute the highest dividend comprising 33.6 percent bonus shares and 4.4 percent cash dividend. Similarly, Civil Bank will be giving away a dividend of 5.26 percent on the basis of last year’s distributable profit. The bank has stated that out of the declared dividend, five percent will be bonus shares and 0.26 per cent will be cash.
The Himalayan Bank will award a 21.38 percent bonus share and 4.62 percent cash dividend to its investors. Agriculture Development Bank has decided to distribute a 21.0526 percent dividend with 20 percent bonus and 1.56 percent cash. Sanima Bank has announced a 17 percent bonus and 0.8947 percent cash, Nepal Bank is giving a 14 per cent bonus and 3 percent cash, Prime Commercial Bank will give 16 percent bonus and 0.6313 percent cash.
Likewise, the Nepal Investment Bank has stated that it will distribute a 16 percent dividend with a 12.611 percent bonus and 3.389 percent cash and Citizens Bank will distribute 16 percent dividend with 12.913 bonus and 3.87 percent cash.
The NMB Bank has offered its shareholders 12.5 per cent bonus shares and 3.3 per cent cash dividend, NIC Asia Bank will give 15 per cent bonus and 0.7895 per cent cash, Nepal Bangladesh Bank is proving 12 per cent bonus shares and 3 per cent cash. Siddhartha Bank will give 14.25 per cent bonus shares and 0.75 percent cash, Machhapuchche Bank 14 percent with 13.3 bonus and 0.7 percent cash, Bank of Kathmandu 14 percent with 10 percent bonus and four percent cash. Global IME Bank has announced a 13.5 percent dividend with a 10 percent bonus and 3.5 percent cash while Standard Chartered Bank has announced a 13.6 percent dividend with a 10 percent bonus and 3.6 percent cash.
Prabhu Bank, Mega Bank, Laxmi Bank, Everest Bank, Kumari Bank, Nepal Credit, and Commerce Bank (NCC), Sunrise Bank and Century Bank, Nepal SBI Bank have also announced dividend shares and cash bonuses.
Out of the declared dividend, the cash is deposited directly in the bank account while bonus shares will be entered into the Demat account provided by the investor
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