NIBL gives 25 percent cash dividend and 25 percent bonus share


Sept. 30, 2011, 5:45 p.m. Published in Magazine Issue: Vol.: 05 No.-07 Sept . 30-2011 (Ashwin 13,2068)<br>

Board of Directors of Nepal Investment Bank Ltd. in its meeting held on September 22, 2011 has proposed 25% Cash dividend & 25% bonus share on Bank’s paid up Capital from the Profit of fiscal year 2067/068 subject to the approval of Nepal Rastra Bank, and forthcoming Annual General Meeting.

After releasing 25 % bonus share, NIBL will be the only private commercial bank in Nepal to have paid up capital over 3 billion. While Nepal Rastra Bank requires commercial banks to maintain the paid up capital of 2 billion, this significant surge in capital will further reinstate the stability of NIBL.  At the end of FY 2010/11 NIBL, has achieved the total profit of 1.17 billion.

Nepal Investment Bank Limited, which has completed the 25 years of banking operations in Nepal, has at present 41 branches, one open counter at Kathmandu University and 67 ATM outlets, covering as many district as Kailai, Jumla in west to Solukhumbu and Jhapa in east.

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