Bank of Kathmandu will give 1.58 billion cash dividend

Bank of Kathmandu (BOK) bank is going to give almost 21 percent dividend from last financial year’s profit. The meeting of the board of directors of the bank held on Sunday morning has proposed to give a total of 20.95 percent dividend of 14.95 percent cash and 6 percent bonus shares of the current paid-up capital of the bank.

According to the proposal, the bank will spend Rs 1 billion 58 crore 82 lakh 87 thousand 113 rupees for cash dividend, while share bonus worth Rs 63 crore 74 lakh 39 thousand 644 rupees will be distributed. The bonus will be distributed to the shareholders after receiving approval from the National Bank.