Mega Bank announces dividend, paid up capital to exceed Rs 16 billion
November 8, 2078 16:03 VikasNews
Kathmandu. Mega Bank has declared a dividend for the last financial year. The Board of Directors meeting held on November 8 announced to give 12.07 percent bonus share to the shareholders.
The meeting has proposed to distribute bonus shares equal to the paid up capital of Rs. 1.76 billion from the profit of the Fiscal Year 2077/78. The bank has not proposed a cash dividend.
The proposal has to be approved by Nepal Rastra Bank and passed by the next annual general meeting of the bank.
At present, the paid up capital of the bank is Rs. 14.65 billion. After the proposed bonus share, the bank’s paid up capital will exceed Rs 16.41 billion.