Prabhu Bank to Skip Dividend Distribution for FY 2024/25
Prabhu Bank Ltd. has decided not to distribute dividends to shareholders from the profit of the previous fiscal year.
Prabhu Bank Limited has announced that it will not distribute dividends to its shareholders from the profit earned in the previous fiscal year, according to a decision by the bank’s board of directors.
The decision was taken during a board meeting held on Poush 6 (December 21). The board resolved to retain earnings and approved the submission of the bank’s financial statements to Nepal Rastra Bank for regulatory review.
Dividend distribution by commercial banks in Nepal is subject to approval from the central bank, which evaluates factors such as capital adequacy, asset quality, and overall financial stability. The decision suggests a conservative approach toward capital management amid regulatory considerations.
Prabhu Bank’s shares are listed on the Nepal Stock Exchange under the trading symbol PRVU. The announcement may affect investor sentiment, particularly among dividend-seeking investors, while signaling the bank’s focus on strengthening its financial position.