laganisolutions: A complete solutions of your right investment on stock market: Everest Bank offers 30pc bonus shares

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Sunday, September 23, 2012

Everest Bank offers 30pc bonus shares

Everest Bank Limited (EBL) has announced 30 percent bonus shares to its shareholders. A board meeting held on Thursday made this announcement which is subject to approval of Nepal Rastra Bank (NRB).

According to EBL, its board wished to pay a cash dividend too but could not do so as NRB’s recent directive requires it to maintain a minimum capital adequacy ratio of 11 percent after dividend payments have been made. “However, the monetary value of the proposed 30 percent bonus shares is substantially higher than last year’s payment of 50 percent cash dividend and 10 percent bonus shares.”

source: The Kathmandu Post,21 Sept 2012

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