Nepal SBI Bank’s 2.11%dividend & 10:4 bonus shares

KATHMANDU: Nepal SBI Bank’s 225th board meeting on Friday proposed 2.11 per cent cash dividend and 10:4 bonus shares to its shareholders. The decision has to be approved by the central bank and SBI’s own AGM. The bank collected deposit Rs 27.96 billion in the fiscal year 2008-09 and invested Rs 15.61 billion. It posted a net profit of Rs 440.24 million in that fiscal year which was 25.20 per cent higher than the preceding year’s Rs 310.64 million. — HNS