Nepal Investment bank to distribute dividends

Nepal Investment Bank is extending five percent cash dividend and 25 percent bonus shares to its shareholders from profit generated in the last fiscal year ended mid-July 2012.

Jan. 12, 2013, 5:45 p.m.


Nepal Investment Bank has decided to extend five per cent cash dividend (Rs 150.64 million) and 25 per cent stock dividend (Rs 753.23 million) from the profits of last fiscal year.

The decision was approved during the 26th Annual General Meeting (AGM) of the bank.

During the year, the bank managed to expand its total assets by 12.7 percent to Rs 65.75 billion. The total deposits and lending of the bank also grew by 13.7 percent and 2.4 percent, respectively, to reach Rs 57.01 billion and Rs 42.90 billion during the period.

The bank has a paid-up capital of more than Rs 3.76 billion, including proposed bonus shares. Likewise, it posted a growth of 40.6 per cent to reach Rs 10.64 billion in total investments.  

NIBL is also planning to start a micro-finance company. “NIBL is awaiting approval from Nepal Rastra Bank (NRB) to set up a microfinance company,” said chief executive of the bank Jyoti Prakash Pandey.



More on Economy

The Latest

Latest Magazine

VOL 13 NO 01 ,July 19 –01 Aug., 2019 (Sharwan 03, 2076) Online Register Number: DOI 584/074-75

VOL 12 No.21, June 28 –18 July, 2019 (Ashad 13, 2076) Online Register Number: DOI 584/074-75

VOL 12 No.20, Jun 07 –27 June, 2019 (Jestha 24, 2076/074-75) Online Register Number: DOI 584

VOL 12 No.19, May 17 –06 June, 2019 (Jestha 03, 2076) Online Register Number: DOI 584/074-75