Central Finance proposes 15 pc bonus share

KATHMANDU, Nov 2: The board meeting of Central Finance Limited has proposed to distribute 15 percent bonus share and 0.79 percent cash dividend to its shareholders from the profit it earned in the last fiscal year. The proposal is subject to Nepal Rastra Bank approval.



According to a press release, the finance company earned operating profit of Rs 49.57 million in 2008/09, which was about 15 more than the profit it recorded in the previous fiscal year. During the period, the finance company mobilized deposits of Rs 1.27 billion and issued loans of Rs 1.09 billion.



The company opened its branch in Chabahil last year. It recently opened a branch in Narayanghat of Chitwan.

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