The dividend was offered to the shareholders by Excel Development Bank (EDBL). The dividend was announced in fiscal year 2076/77.
The bank has announced a dividend of 12.63 percent. A 12% bonus share and a 0.63 percent cash dividend are included (for tax purposes).
Excel Development Bank has a paid-up capital of Rs 81.11 crores as of Ashad’s end 2077 BS. The bonus share is worth Rs 9.73 crores at this capital, while the cash dividend is Rs 51.22 lakh.
The dividend is subject to Nepal Rastra Bank’s approval and the bank’s upcoming 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.