Nepal Breaking NewsNepal Stock ExchangeExcel Development Bank 12.63 Percent Dividend

Excel Development Bank Offers 12.63 Percent Dividend

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The dividend was offered to the shareholders by Bank (). The dividend was in fiscal year 2076/77.

The bank announced a dividend of 12.63 percent. A 12% and a 0.63 percent cash dividend are included ( tax purposes).

Excel Development Bank has a paid-up of Rs 81.11 crores as of Ashad’s end 2077 BS. The bonus share is worth Rs 9.73 crores at capital, while the cash dividend is Rs 51.22 lakh.

The dividend is subject to Nepal Rastra Bank’s approval and the bank’s AGM.

Excel Development Bank paid an 18 percent dividend in fiscal year 2075/76, which included a 17.10 percent bonus share and a 0.90 per cent cash dividend.

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