Civil Bank Limited ( CBL ) has declared a dividend to be distributed to the shareholders from the profit of last financial year(2077/78).

The bank has announced a bonus share of 5 percent of its existing paid-up capital and a cash dividend of 0.26 percent for tax purposes.

A meeting of board of directors held on Poush 5 decided to distribute dividend at 5.26 Percent.

The dividend will be distributed to the shareholders only after the approval of Nepal Rastra Bank and the approval of the next annual general meeting of the company.

Earlier, the bank had distributed 8 percent bonus shares and cash dividend of 0.42 percent for tax from the previous fiscal year 2076/77.