Miteri Development Bank Proposes 11% Dividend for FY 2082/83

Miteri Development Bank Limited has proposed an 11% dividend to its shareholders from the profit of fiscal year 2082/83 and accumulated profit.

A meeting of the bank’s Board of Directors held on Ashoj 10, 2083 proposed a dividend based on the bank’s current paid-up capital of Rs. 1.2171 billion.

The proposed dividend comprises:

• 5% bonus shares
• 6% cash dividend, including applicable tax
• Total: 11% dividend

The proposed distribution is subject to approval from Nepal Rastra Bank and endorsement by the bank’s upcoming 21st Annual General Meeting (AGM).

The dividend will be distributed to eligible shareholders only after the required regulatory and shareholder approvals are obtained.