NIBL to distribute 20 per cent cash dividend

KATHMANDU: The Board of directors’ meeting of Nepal Investment Bank Ltd (NIBL)

on Tuesday proposed

20 per cent cash dividend

to shareholders. The meeting has separated Rs 481.41 million for the purpose

and it will be distributed

after the approval of

Nepal Rastra Bank and NIBL’s forthcoming annual general meeting. NIBL gained net profit of Rs 900.619 million in the fiscal year 2008-09.

It also increased its paid-up capital by 99.92 per cent compared to the preceding fiscal year — from 1.203 billion to Rs 2.407 billion.