BoK’s cash dividend

KATHMANDU: The Bank of Kathmandu (BoK) has decided to provide 15 per cent cash dividend to its shareholders out of a total profits registered in the fiscal year 2004-05, says the bank’s press statement issued today. Chairman of the bank Alok Singh while speaking at the annual general meeting said that the bank has been able to register a profit of Rs 17.65 per cent and net profit by 9.38 per cent. The bank has increased its deposits by 15.51 per cent, lending by 2.90 and investment by 4.88 per cent in the fiscal year 2004-05.—HNS