Siddhartha Bank Limited (SBL) proposed a 15% dividend with 14.25% bonus share and 0.75%cash

Siddhartha Bank Limited (SBL) has declared a dividend to be distributed to the shareholders from the distributable profits of the last fiscal year.
The bank has announced a bonus share of 14.25 per cent of the existing paid-up capital and a cash dividend of 0.75 per cent for tax purposes and a total dividend of 15 per cent.

The dividend will be distributed after the approval of Nepal Rastra Bank and the approval of the next annual general meeting.

At present, the paid up capital of the bank is Rs. 10.96 billion 22.99 million 195. The bank’s paid-up capital will reach Rs 12.52 billion after the distribution of bonus shares at the rate of 14.25 percent.