Machhapuchre shares

The meeting of Machhapuchhre Bank on 18 September has proposed to distribute 10.4% dividend of the paid-up capital, which includes 7.03% bonus shares and 3.37% cash dividend,  to its shareholders from the net profit of the previous fiscal year. The dividend will be distributed to shareholders after approval from Nepal Rastra Bank as well as the next AGM of Machhapuchhre Bank. 

The bank, which has a paid-up capital of Rs 8.45 billion, has accumulated Rs 1.70 billion in its general reserve fund, made a net profit of Rs 1.26 billion in the previous fiscal year and maintained its earnings per share at Rs14.93.