Kumari Bank Limited to distribute 14% dividend

The Board of Directors of Kumari Bank Limited has proposed to distribute 10% bonus share and 4% cash dividend to the Bank’s shareholders from the profit earned in the Fiscal Year 2019/20.

The decision, however, is subject to approval of the Nepal Rastra Bank and the Bank’s upcoming annual general meeting.

The Bank with its nationwide network of branches, ATM, extension-counters and BLB units has been rendering excellent modern services and now boasts a deposit and loan portfolio of NPR 122 billion and NPR 115 billion respectively.