Kathmandu. Out of 20 commercial banks in operation, only seven have declared dividend so far. Banks have announced cash and bonus for the fiscal year 2081/82.

The banks that have declared dividend so far are Global IME, Everest Bank, Machhapuchchhre Bank, Standard Chartered, Citizens Bank, Sanima Bank and Siddhartha Bank. Some of the banks have called a meeting and approved the dividend fixed by the meeting.

Machhapuchchhre Bank

The bank has distributed 8 percent dividend to its shareholders from the profit of the last fiscal year. The company has provided 4 percent bonus and 4 percent cash dividend along with tax. The AGM of the bank has been concluded.

Sanima Bank

The bank has paid 7.3685 percent dividend to its shareholders from the profit of the last FY. The meeting held on October 18 approved the dividend.

{{TAG_OPEN_strong_41}Global IME Bank

The bank has proposed to provide 8 percent cash dividend including tax from the profit of the last fiscal year.

The bank has summoned its AGM for November 12 to endorse the proposal. The bank will close its book on November 30. The shareholders who are in power till November 30 will receive the dividend fixed by the company.

Citizens Bank

Citizens Bank has proposed a 5 percent bonus share and 0.263 percent cash dividend to its shareholders from the profit of the last FY.

The bank is closing its book on November 1. Shareholders who remain in power till November 1 will receive the dividend as determined by the bank.

Standard Chartered Bank

The bank has proposed to provide 19 percent cash dividend to its shareholders from the profit of the last fiscal year.

Everest Bank

The bank has proposed to provide 20 percent dividend to its shareholders from the profit of the last fiscal year. The bank will provide 6 percent bonus shares and 14 percent cash dividend including tax.

The bank has called an AGM for November 26. The book has already been closed for the purpose of the meeting on October 24. Shareholders who have remained in power till October 23 will receive the fixed dividend.

Siddhartha Bank

The bank has decided to pay 10.53 percent dividend from the profit of the last FY. The company has decided to provide 5 percent bonus shares and 5.53 percent tax deductible cash dividend.

The bank has called for the AGM on November 30. It has been decided to close the book for one day on November 3 for the purpose of the meeting. Shareholders who remain in power till November 1 will receive dividend as determined by the bank.