Green Development Bank Announces Dividend: 8.03% Bonus Shares and 0.42% Cash

Green Development Bank has announced dividends for its shareholders from the profit of the last fiscal year. The bank has proposed to distribute 8.0396% bonus shares and 0.42314% cash dividends (for tax purposes) based on its existing paid-up capital of Rs. 56 crore 96 lakh 98 thousand 500.

The decision to distribute the dividend was approved by the bank’s Board of Directors during a meeting held on Mangsir 10.

According to the bank, the proposed dividend will be distributed only after receiving approval from Nepal Rastra Bank and endorsement from the upcoming Annual General Meeting (AGM).

Green Development Bank has been consistently distributing dividends in recent years, and the current proposal reflects the bank’s continued strategy of strengthening its capital base through bonus share issuance.