Himalayan Bank Limited (HBL) has proposed a 19.11% dividend for the fiscal year 2078/79.

The 427th meeting of the board of directors held on Poush 05 decided to distribute the dividend on the paid-up capital. 11.11% bonus shares and 8% cash dividends have been proposed.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. As of writing, HBL has an LTP of Rs. 318.

Furthermore, HBL had signed a Memorandum of Understanding (MoU) to acquire Civil Bank Limited (CBL) at a swap ratio of 100: 81.