8th November 2022, Kathmandu
Everest Bank’s dividend increased by 100%, with the highest bonus in 5 years: 21% dividend was announced.
Everest bank has declared three years of dividend here. Bank has decided to give 12% dividend for fiscal year.
Compared to previous two fiscal years bank’s dividend has been increased. Last year bank distributed 10.32% dividend.
The board of directors of the bank has proposed to give 13% bonus from the profit of the last financial year. The remaining 7.38 percent will be given in cash. The bank has proposed dividend on the currently fixed paid-up capital.
Currently, the paid-up capital of the bank is Rs. 9 billion 427 million 3 hundred thousand. The proposed 13% bonus will increase the bank’s paid-up capital to Rs. 10 billion 642 million 8 hundred thousand.
The shareholders of the bank will get the proposed dividend after approval by the next general meeting of the Rastra Bank and the company.
