Machhapuchchhre Bank Decides Not to Distribute Dividends

Machhapuchchhre Bank Limited (MBL) has announced that it will not distribute dividends to its shareholders for the fiscal year 2079/80.

A meeting of the bank's Board of Directors held on Mangsir 26 decided to allocate the distributable profit and other reserves from the end of the fiscal year to the bond payment reserve fund.

The bank has submitted the financial report prepared in line with this decision to Nepal Rastra Bank for approval.

The bank stated that this decision prioritizes long-term financial stability. However, it has received mixed reactions from shareholders. While some have supported the bank's long-term vision, others have expressed dissatisfaction over the lack of dividends.