NIC Asia Bank Announces Cash Dividend

NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December. The Bank posted net profit of Rs 642 million last year. The Earnings per Share (EPS) and Return on Equity (ROE) were Rs 47.41 and 14.63 per cent respectively. The Bank posted an operating profit of Rs 299 million in the first quarter of the current fiscal year.