KATHMANDU: NIC Asia Bank’s board, at its meeting held on Friday, has decided to provide a dividend of Rs 27.37 per share (26 per cent stock and 1.37 per cent cash) for the year 2015-16, subject to approval of Nepal Rastra Bank and the bank’s annual general meeting (AGM). It has also decided to issue 15 per cent rights share after the distribution of the bonus shares after obtaining approval from the AGM. During the year, the bank generated net profit of Rs 1.07 billion. The bank’s loans and advances stood at Rs 59.49 billion and deposits at Rs 69.48 billion. NIC Asia at present has a network of 67 branches and 69 ATMs.