Prime Commercial Bank Announces Bonus and Cash Dividend
Prime Commercial Bank has announced a dividend from last fiscal year’s profit, proposing bonus shares along with a small cash component.
Prime Commercial Bank Limited (PCBL) has announced a dividend distribution for its shareholders based on profits earned during the previous fiscal year.
The bank has proposed distributing an 8% bonus share dividend on its existing paid-up capital, along with a cash dividend of 0.421% for tax purposes. The decision was approved during a meeting of the bank’s Board of Directors held on Poush 3.
The proposed dividend distribution remains subject to approval from Nepal Rastra Bank and endorsement by the bank’s upcoming Annual General Meeting (AGM). Following regulatory clearance and shareholder approval, the dividend will be distributed to eligible shareholders in line with prevailing banking regulations.