BoK Profit At Rs 617 Million

BoK Profit At Rs 617 Million

Sept. 13, 2013, 5:45 p.m. Published in Magazine Issue: Vol: 07 No.-07 Sept. 13 -2013 (Bhadra 28, 2070)

Bank of Kathmandu earned a net profit of Rs 617 million in 2012/13. A meeting of bank´s board of directors decided to distribute Rs 12.4 million (0.73 percent of paid up capital) as cash dividend and Rs 235.8 million (14 percent of paid up capital) stock dividend as bonus shares to its shareholders. The benefits, however, are subject to approval by Nepal Rastra Bank and the bank´s annual general meeting. “The bank´s total deposit reached Rs 27.70 billion and loans and advances reached Rs 23.05 billion at the end of 2012/13,” the bank said in a press statement. In comparison to last fiscal year, the total deposit, and loans and advances increased by 10.84 percent and 19.31 percent, respectively

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