Kathmandu,
Oct. 22:
Machhapuchhre
Bank Limited (MBL) has announced 15 per cent dividend to its shareholders – 9
per cent bonus shares and 6 per cent cash dividend.
After
the approval from the bank’s Annual General Assembly and the Nepal Rastra Bank
(NRB), the dividend will be distributed, said the bank in a press statement.
With
9 per cent bonus shares and auction of right shares, bank’s paid up capital
will reach Rs. 8 billion – the benchmark money that the NRB had set for the ‘A’
class commercial banks.
The
paid up capital of the MBL is Rs. 7.37 billion.
“After
the auction of undistributed rights shares, capital would reach Rs. 7.39
billion. The 9 per cent bonus share will raise the paid up capital to Rs. 8.5
billion,” reads the statement.
The
bank has 62 branches, 4 extension counters and 4 branchless banking service
points across the country.
It
also said that the process was started to establish branches at additional 21
locations.
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