For fiscal year 2077/78, Nepal Investment Bank Limited (NIB) recommends a dividend of 16 percent

For the fiscal year 2077/78, which begins on July 1, Nepal Investment Bank Limited (NIB) has suggested a dividend of 16 percent.

It was decided in the 554th meeting of the board of directors, held on Ashoj 17, to pay a dividend of Rs. 16.25 arba on the paid-up capital. It has been proposed to issue 11.24 percent bonus shares for Rs 1.82 arba and a 4.76 percent cash dividend (including tax) of Rs 77.38 crore, for a total of Rs 77.38 crore.

The dividend will only be paid if it has been approved by the central bank and the company’s annual general meeting in the future.

Nepal Investment is in the process of merging with Himalayan Bank Limited, and its stock has been delisted from the Nepal Stock Exchange.