Kathmandu. Siddhartha Bank has proposed to pay dividend to the shareholders from the profit of the last financial year 2082/83. The bank has proposed a dividend of Rs 20

.

It has proposed to distribute a percentage dividend.

The meeting of the Board of Directors held on September 18 has proposed to give 10 percent bonus shares of the paid-up capital and 10 percent cash dividend including tax. The shareholders will be given Rs 1.47 billion as cash dividend for 10 percent cash dividend.

The bank has proposed a cash dividend of 8.25 per cent to the preference shareholders. The amount is Rs 10,75,89,041. The dividend of the preference shares will be paid proportionately for the period from the date of allotment of shares to the end of July 2083.

The proposed dividend is subject to approval from Nepal Rastra Bank and upcoming Annual General Meeting (AGM) of the bank.