Garima Bikas Bank Concludes 20th AGM, Approves 20% Dividend
Garima Bikas Bank Limited held its 20th Annual General Meeting on Ashwin 26, 2083, approving a 20% dividend comprising 10% cash and 10% bonus shares. The bank's paid-up capital will rise to Rs 6.62 billion following the bonus issue, up from Rs 6.02 billion. The AGM also approved the annual report, financial statements for FY 2082/83, and the appointment of an auditor for FY 2083/84.
Garima Bikas Bank Limited successfully concluded its 20th Annual General Meeting (AGM) on Ashwin 26, 2083, held at Hotel Pokhara Grande, Pokhara. The meeting brought together shareholders to review the bank's performance and approve key resolutions.
During the AGM, shareholders approved a total dividend of 20%, consisting of 10% cash dividend and 10% bonus shares. This balanced distribution reflects the bank's commitment to rewarding shareholders while retaining capital for future growth.
In addition to the dividend, the AGM approved the bank's annual report, the financial statements for FY 2082/83, and the appointment of an auditor for FY 2083/84.
The bank's current paid-up capital stands at Rs 6.02 billion. Following the distribution of bonus shares, its paid-up capital will increase to Rs 6.62 billion, strengthening its capital base and supporting future expansion.
Garima Bikas Bank currently operates 126 branches and 51 ATMs across the country, providing banking services through its extensive branch network and digital platforms. The bank continues to focus on delivering accessible financial services to customers nationwide.