RBB to distribute cash dividend through bank account

Kathmandu, March 23

Rastriya Banijya Bank has decided to distribute the 2.5 percent cash dividend passed for this year in the bank accounts of the concerned shareholders.

Out of the 27 commercial banks that are yet to issue shares to the public, the bank will provide the dividend passed to the founding shareholders in the bank account. The company had passed the dividend at its 15th annual general meeting on Magh 28.

The bank has asked the shareholders to contact the branch offices of the company and the office of the shareholder at RBB Merchant Banking Limited and provide the details including the name, account number and contact number of the bank. This year, the bank has passed a proposal for a 2 percent bonus share along with cash dividends.

The paid-up capital of this state-owned company is currently Rs. 9.47 billion 95 thousand. By the second quarter of the current Fiscal Year, the Bank’s distributive profit stood at Rs. 1 billion 800 million. During this period, the company has made a net profit of over Rs 1.74 billion. The reserve fund of the bank is Rs. 13.89 billion 62.22 million.