8.61% bonus shares of Nepal Community Development Bank receives nod from NRB

Tue, Apr 24, 2018 12:46 AM on Dividend, Bonus & Rights, Latest, Stock Market,

Nepal Community Development Bank has received nod from Nepal Rastra Bank to issue 8.61% bonus shares to its existing shareholders and 0.45% cash dividend for tax purpose from its net profit of the previous fiscal year.

After capitalization of its recently issued right shares, the development bank has a paid up value of Rs 48.46 crore. After capitalization of the approved bonus shares, it will have paid up capital of Rs 52.63 crore.

The bank currently has 16 branches and has raised deposits of Rs 2.02 arba and disbursed loans of Rs 1.92 arba.