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EBL to give 30% bonus share and 30% cash dividend
Published by Octron on September 12, 2009
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Following the suit of SCB & NABIL, EBL has annouced bonus shares along with nominal dividend for this year to its share holders. Everest Bank Ltd (EBL) board of directors has recommended 30 per cent bonus shares and 30 per cent cash dividend subject to permission from Nepal Rastra Bank and EBL’s AGM.
It has also approved the profit and loss account and balance sheet for the financial year that ended on July 16. The bank increased its net profit by 37 per cent — in comparison to the preceding year — to Rs 638.7 million and its deposits also increased by 31 per cent and advances by 30 per cent during the financial year 2008-09. The NPA of the bank is at 0.48 per cent.
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