Tinau Mission Development Bank Limited (TMDBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2076/77.
The development bank has proposed a 6 percent dividend. The dividend will be in the form of bonus shares. The company is planning to distribute Rs 10.87 crores worth of bonus shares.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM) of the company.
From the previous fiscal year 2075/76, Tinau Mission Development Bank had distributed a 12 percent bonus share to the shareholders.
Tinau Mission Development Bank is in the acquisition agreement with Citizens Bank International.