The 23rd AGM of Nepal Investment Bank Ltd (NIBL) has approved the proposed 20 per cent cash dividend to its shareholders on Wednesday. The dividend amounts to Rs 481.41 million which volume-wise is among the highest in Nepal. On the basis of strong performance, NIBL managed to earn a net profit of Rs 900.619 million -- an increment of 29.26 per cent compared to the 2007-08 fiscal -- in the fiscal year 2008-09 that also saw its paid-up capital rise to Rs 2.407 billion from 2007-08's Rs 1.203 billion.
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