Excel Development Bank Decides Not To Distribute Dividend For FY 2079/80

Kathmandu. Excel Development Bank Limited (EDBL) has announced its dividend decision for shareholders, pertaining to the fiscal year 2079/80. 

In the 306th board meeting held on Jestha 24, 2080, EDBL decided not to distribute any dividends from the accumulated profit of the previous fiscal year. This decision is subject to approval by Nepal Rastra Bank and the company's upcoming Annual General Meeting (AGM).

As of the end of Ashad 2080 BS, EDBL has a paid-up capital of Rs 124.96 crores. Notably, the bank did not provide any dividends to shareholders for the fiscal year 2078/79 either. However, for the fiscal year 2077/78, the bank had distributed an 8.95 percent dividend, which included an 8.5 percent bonus share and a 0.45 percent cash dividend.