A total of 11 commercial banks have announced dividends to their shareholders from the profits of Fiscal Year (FY) 2024/25, even as the banking sector faces sluggish business growth and increasing non-performing loans.
According to the Nepal Stock Exchange (NEPSE), nine out of the 20 ‘A’ class financial institutions are yet to submit their dividend proposals. Among those that have declared returns, Everest Bank has announced the highest payout at 20 percent, followed by Standard Chartered Bank, which will distribute 19 percent in cash.
Everest Bank will provide 6 percent bonus shares and 14 percent cash dividends, while Citizens Bank has approved a dividend of 5.263 percent.
NMB Bank will distribute 10 percent returns, including 5 percent bonus shares.
Nepal SBI Bank has proposed 9 percent dividends, with 4 percent as bonus shares.
The government-owned Agriculture Development Bank will offer 13 percent returns, which includes 3.25 percent bonus shares.
Similarly, Laxmi Sunrise Bank has declared 10.53 percent returns, with 10 percent bonus shares, while Sanima Bank, through its AGM, approved 7.3685 percent cash dividends.
Global IME Bank will provide 8 percent cash dividends, Siddhartha Bank 5.53 percent, and Machhapuchchhre Bank 8 percent, including 4 percent bonus shares.
