Everest Bank Proposes Bonus Shares and Cash Dividend for FY 2082/83 -

Everest Bank Limited (EBL) has announced a 15% dividend payout to its shareholders from the profits of the fiscal year 2082/83. Following a decision made at the bank's 402nd Board of Directors meeting on Bhadra 11, 2083, the commercial lender proposed distributing 10% in cash (inclusive of tax) and 5% in bonus shares. The proposed payout, calculated on the bank's current paid-up capital of NPR 13.72 billion, will be executed after receiving clearance from the Nepal Rastra Bank and final approval at its upcoming Annual General Meeting.