Machhapuchhre Bank Proposes 6% Dividend for FY 2082/83
Machhapuchhre Bank has proposed a 6% dividend comprising 3% bonus shares and 3% cash dividend, subject to Nepal Rastra Bank and AGM approval.
Machhapuchhre Bank Limited has proposed a 6% dividend on its paid-up capital for the fiscal year 2082/83.
The decision was made at the bank’s 564th board meeting, held on Friday afternoon. The proposed dividend includes 3% bonus shares and 3% cash dividend, including tax.
The proposed distribution will be implemented after receiving approval from Nepal Rastra Bank (NRB) and endorsement from the bank’s upcoming Annual General Meeting (AGM).
Machhapuchhre Bank currently serves more than 1.8 million customers across all seven provinces through a network of 157 branches, 12 extension counters, 88 branchless banking service points, and 193 ATMs.