15% Bonus share: Siddhartha Bank

Siddhartha Bank has proposed 10% cash dividend by 128th BOD meeting dated on 27th October 2009 (2066 Kartik 10) of the company was not approved by NRB, and instead of cash dividend the 129th BOD meeting dated on 15th November 2009 (2066 Kartik 29) has decided to propose 15% bonus share subject to approval from NRB.

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