Prime Commercial Bank Limited (PCBL) has proposed a 5% cash dividend for its shareholders for the fiscal year 2080/81, reflecting its commitment to returning value to its investors. The proposal, made during the bank’s 514th board of directors meeting held on Kartik 11, outlines a dividend distribution amounting to Rs. 97.01 crore, inclusive of taxes. This decision marks PCBL’s sustained efforts to balance both reinvestment in growth and direct shareholder returns.
The 5% cash dividend proposal will proceed for final approval from the central bank and requires endorsement by the shareholders at the company’s upcoming Annual General Meeting (AGM). Once these approvals are secured, eligible shareholders will receive the dividend payout.
Currently, PCBL’s shares are trading with a closing price of Rs. 290.00 as of the latest trading day, reflecting market confidence and interest in the bank’s performance and future prospects.
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About: Prime Commercial Bank
Prime Commercial Bank Limited is a prominent ‘A’ class commercial bank in Nepal, holding a license from the Nepal Rastra Bank. Headquartered in Kathmandu, the bank has established a robust network of branches across the country to ensure wide accessibility for its customers. Through these branches, it provides a comprehensive suite of commercial banking services, catering to both individual and business clients.
The bank’s offerings include deposit accounts, loan services, trade finance, remittance, and digital banking solutions, all designed to support Nepal’s growing financial needs and contribute to economic development.
