Kumari Bank has surprised its shareholders by deciding not to give any dividend for the last fiscal year. The decision was made during the bank’s board meeting on Kartik 26.
The board announced that shareholders will not receive any kind of dividend for the fiscal year 2081/82. This decision comes as a precautionary measure and reflects the bank’s careful approach to managing its funds.
The board also decided to submit the financial report for the year to Nepal Rastra Bank for approval. This step is required to officially confirm the bank’s financial statements.
Currently, the Kumari bank’s paid-up capital is Rs. 26.22 billion, showing that it still has a strong financial base despite not distributing dividends.
Shareholders will now have to wait and see how the bank performs in the coming months. While the decision may be disappointing for investors expecting payouts, it highlights the bank’s focus on financial stability.
