NMB Bank Limited has proposed a 7% cash dividend for its ordinary shareholders from the distributable profit of fiscal year 2082/83. The decision was made at the bank’s 513th board of directors meeting, held on Wednesday in Kathmandu.
The bank also proposed an 8.25% cash dividend for holders of its non-redeemable cumulative preference shares.
Dividend subject to approval
The proposed dividends will be distributed after receiving approval from Nepal Rastra Bank and endorsement by the company’s general assembly.
