Nine commercial banks have declared dividends for the fiscal year 2079/80. Now 11 commercial banks are yet to declare dividends. Other banks are also preparing to declare dividends.

NIC ASIA Bank

NIC Asia Bank has proposed to distribute a total dividend of 30.5% of the paid-up capital. 29% bonus shares and 1.5% cash dividends.

The Everest Bank

Everest Bank has proposed to distribute 20.53% dividends for a total of 20 million of the paid-up capital. This includes 10% bonus shares and 10.53% cash dividends.

Sanima Bank

Sanima Bank has proposed to distribute a total of 14 million 70 dividends of the paid-up capital. It consists of 9% bonus shares and 5.7% cash.

Machhapuchhre Bank

The bank has proposed to distribute a total of 14 percent dividend on the existing paid-up capital. Out of which 13.30% bonus shares and 0.70% cash dividend for tax purposes are to be distributed.

Citizens Bank International

Citizens Bank has proposed to distribute only 5.79% of the  paid-up capital as cash dividend.

Siddhartha Bank

Siddhartha Bank is going to distribute only cash dividends to its shareholders from the profit of the last financial year. The bank has decided to distribute a total cash dividend of 4.25%. The bank has not fixed the book closure date.

The Standard Chartered Bank

Standard Chartered Bank has made a special proposal to distribute cash dividend at the rate of 19 per cent of the existing paid-up capital, including 9 per cent tax. The bank has called for a meeting on September 24 to approve the proposal. The bank is scheduled to close on September 7.

Global IME Bank

Global IME Bank has proposed to distribute 8% cash dividend and 1% bonus shares of the existing paid-up capital. The bank has called for a meeting on Mangsir 28 to approve the proposal. The bank is going to close the book on Monday 13th for the purpose of general meeting.

Nepal Bank

Nepal SBI Bank has announced the distribution of a total dividend of 10.55% of the existing paid-up capital. Out of the total, 3.75% bonus shares are to be given, while 6.80% cash dividend is to be given for tax purposes.

The dividend proposed by the banks will be distributed to the investors after the approval of the Nepal Rastra Bank and the next annual general meeting of the company. The listed companies are declaring dividends at the beginning of the current financial year.