After 5 years of continous improvement in the profitability and capital adequacy, Lumbini Bank is finally proposed to distribute a dividend of 10% bonus shares and 0.53% cash dividend to its shareholders.
The shareholders have waited for the last 10 years for such dividends which was not possible because of the accumulated losses of the company due to mismanagement which prompted the central bank to take over its management in 2002.
The bank has come a long way to improve it's Non Performing loans from 40.54% to mere 0.96% which is better than many of the other peer companies. The bank has a paid up capital of Rs.130 crores with a capital adequacy ratio of 24.49% at the end of year 2010/11.
The bank made a profit of Rs. 38.96 crores.
13 comments:
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