The majority of the bank's directors have agreed to distribute a total profit share of 31%, comprising 29% in bonus shares and 1.5263% in cash dividends.
On Thursday, the executive committee of NIC Asia Bank met to prepare for the announcement of profit distribution, which is set to be made on Friday. The majority of the bank's directors have agreed to distribute a total profit share of 31%, comprising 29% in bonus shares and 1.5263% in cash dividends.
NIC Asia Bank has been unable to distribute dividends to shareholders for the past three fiscal years due to a tight capital adequacy ratio, preventing further business expansion. Recently, banks and financial institutions have started to announce their dividends for shareholders for this fiscal year. Machhapuchhre Bank, Sanima Bank and Everest bank have already declared their dividend.
Nic Asia Bank DIvidend History
|S.N.||Bonus Dividend(%)||Cash Dividend(%)||Total Dividend(%)||Announcement Date||Fiscal Year|