Excel Development Bank to Skip Dividend from FY 2079/80
Excel Development Bank (EDBL) has made an announcement about the dividend to the shareholders. The dividend decision is from the fiscal year 2079/80.
The bank has decided not to distribute any dividend to the shareholders from the accumulated profit of the previous fiscal year.
As of Ashad’s end 2080 BS, Excel Development Bank has a paid-up capital of Rs 124.96 crores.
The dividend to subject to approval from Nepal Rastra Bank and the company’s upcoming Annual General Meeting (AGM).
From the previous fiscal year 2078/79 as well, the development bank didn’t provide any dividend to the shareholders. Likewise, from the fiscal year 2077/78, Excel Development Bank had distributed an 8.95 percent dividend, including an 8.5 percent bonus share and a 0.45 percent cash dividend.
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