Garima Bikas Bank has announced a new dividend for its investors. The decision was made during the bank’s 334th board meeting held on Monday afternoon (Ashwin 27).
According to the decision, the bank will distribute a 6% bonus share and 4.53% cash dividend (including tax) from the profit of the fiscal year 2081/82.
Shareholders will receive this dividend only after it is approved by the Nepal Rastra Bank and passed by the upcoming Annual General Meeting (AGM).
Capital to increase after bonus shares
The bank currently has a paid-up capital of Rs 5.68 billion. After distributing the proposed bonus shares, the capital will increase to around Rs 6.02 billion.
This move shows the bank’s continued growth and commitment to rewarding its investors despite a competitive banking environment.
