Nepal SBI Bank announces 8.25 percent dividend for shareholders

Nepal SBI Bank has proposed an 8.25 percent dividend for shareholders based on profits from the previous fiscal year. The board of directors approved a distribution package consisting of 3.40 percent in bonus shares and 4.85 percent in cash, which includes tax provisions. This dividend is calculated against the bank's current paid-up capital of NPR 11.33 billion. The proposal remains subject to approval from the Nepal Rastra Bank and the company’s upcoming annual general meeting.

This announcement makes Nepal SBI Bank one of 12 commercial banks to declare dividends for the current season. Along with Standard Chartered Bank Nepal, NMB Bank, and Laxmi Sunrise Bank, the institution has yet to close its books. Investors must purchase shares before the designated book closure date to be eligible for the dividend and to attend the annual general meeting. Market analysts advise investors to assess broader financial metrics, such as earnings per share and net worth, alongside dividend figures.