NIBL to distribute 19% dividend

Nepal Investment Bank held its 33rd Annual General Meeting on January 13 at National Assembly Hall, Kathmandu. It was chaired by Prithivi Bahadur Pandé and decided to distribute 19% dividend, 10.5% stock dividend (bonus shares) and 8.5% cash dividend, on its total paid-up capital to the shareholders. During the year, NIBL earned operating profit of Rs 4.13 billion. The net profit of the bank for FY 2075/76 stood at Rs 3.32 billion with paid-up capital to reach Rs 14.22 billion after the issuance of 10.5% bonus shares for the FY 2075/76. In the FY 2075/76, NIBL’s deposits have increased by 8.45%, reaching NPR 152 billion. Similarly, the total lending has increased by 5.23% reaching Rs 127 billion. The NPA ratio of the bank is at 2.78%.