NBP refuses to give cash dividend to shareholders

Aftab Ahmed

National Bank of Pakistan—the country’s leading public bank—has refused to give cash dividends or any bonus shares for the shareholders of the leading bank said an official communique of the Bank sent PSX.

“The Board of Directors of National Bank of Pakistan in its meeting on Feb 24, 2021, has not recommended any cash dividend, bonus issue, right shares, or any other entitlement, the notice added.

The NBP reported a profit after taxation is Rs 30.86 billion for the year 2020 on December 31, said consolidated profits and loss account report. It reported a profit after tax of Rs 16.65 billion in the corresponding period of last year.

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The Bank also reported earnings per share of Rs 14.33 for said NBP report for a period of FY 2020 against Rs 7.79 earnings per share of the same period of the last year of 2019, the report added.

The annual general meeting of the Bank will be held on March 29, 2021, and the share transfer of the Bank shall remain closed from March 22 to 29, 2021.