Everest Bank to give 30% bonus shares & cash dividend

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 percent 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.
Source: THT