![](https://thadinn.com/wp-content/uploads/2024/04/67-3.jpg)
MYANMAR – The Spring Development Bank (SDB) announced on April 5th that all the profits of the Spring Development Bank will be allocated to those who own shares (tokens) by the end of April.
It is said that the Spring Development Bank (SDB) board of directors unanimously decided to distribute all the profits. From July 2023 to December 31, 2023, Spring Bank earned $406,042 (over $400,000) in revenue, and after tax, the bank earned $283,197 (over two hundred eighty thousand dollars) as profit, according to the statement.
The bank calculated that those who invested $10,000 would receive $28.3197 according to the calculation.
“In order to continue to implement unique and innovative banking processes and services in 2024, Spring Development Bank is preparing for greater expansion and success.” Spring Development Bank’s Chief Executive Officer Calvin said.
“I still don’t know whether the bank will pay profit. I have bought as much as I can, just to succeed the revolution. It is not the main thing to make a profit. The bank is working properly and paying dividends, so it’s good,” said a person who bought the bank’s shares.
Spring Development Bank also reported remarkable growth in the year (2024), with 95,000 users and $18.3 million in portfolio management.
The bank’s shares were sold to the public for $10 million in 2023, but all the shares were sold and there were people who could not buy them.