Nabil to give cash dividend
KATHMANDU: Nabil Bank has decided to provide 35 per cent cash dividend and 50 per cent bonus share from the profit of the fiscal year 2008-09, the Board of Directors decided on Thursday but the proposal needs to be approved by Nepal Rastra Bank and next AGM. Last fiscal year, the bank had provided 60 per cent cash dividend and 40 per cent bonus share, said the bank. According to the fourth quarter financial report of the bank, it posted a net profit of Rs 1.031 billion — one of the highest profits. Its NPL stands at 0.80 percent and has Rs 2.502 billions in reserve and surplus with only Rs 965.747 million paid up capital.