Everest Bank has proposed a dividend for the fiscal year 2077/78.

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Everest Bank Limited (EBL) announced on Friday that it intends to distribute a 10.32 percent dividend to its for the 2077/78.

The bank has proposed to pay shares worth 6 percent and a dividend of 4.32 percent. In terms of paid-up capital, the bank has an amount of NRs 8,893,717,178.

The decision made by the of directors at its 334th meeting is subject to approval by the central bank and the company’s Annual General Meeting (AGM), which will take place in the near future.

Everest Bank has a -to-value (LTV) of Rs 739 of Friday.

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