Kathmandu: Everest Bank has declared a bumper dividend for its shareholders, drawn from its accumulated profits up to the last fiscal year.
According to the proposal, the bank will distribute 14 percent cash dividend (including tax applicable on bonus shares) and 6 percent bonus shares. The decision was made during the bank’s Board of Directors meeting held on Thursday afternoon.
The proposed dividend will be distributed to shareholders after receiving approval from Nepal Rastra Bank and the bank’s Annual General Meeting (AGM).
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