10% Cash Dividend: Siddhartha Bank Ltd.

28, Oct 2009

The 128th BOD meeting of Siddhartha Bank Ltd. has decided to propose 10% cash dividend to its shareholders from the profit of fiscal year 2008/09 on subject to approval from NRB and its upcoming AGM. Last year, the bank had provided 15 percent bonus shares and also decided to issue 2:1 right share, however the book closure of right share is yet not finalized. According to the fourth quarter financial report of the bank (2065/66), the bank has posted Rs. 215.602 million net profit and Rs. 347.660 million operating profit. Likewise, the bank has Rs. 952.200 million as paid up capital and holds Rs. 331.759 millions in its reserve and surplus account.

Source:  Jamb News Service