Garima Bikas Bank Announces 10.53% Dividend for Shareholders!
Are you a Garima Bikas Bank (GBBL) shareholder? Get ready for some good news! The bank has officially announced its dividend proposal for the fiscal year 2081/82, bringing cheers to investors. This announcement came after the 334th Board of Directors meeting held on Monday, Ashwin 27, 2082.
The dividend package totals an impressive 10.53%, a combination of both bonus shares and cash dividends. Specifically, shareholders are looking at a 6% bonus share distribution and a 4.53% cash dividend. This cash dividend includes the tax implications on the bonus shares, ensuring a smooth distribution process for everyone involved.
Before the dividends are finalized, the proposal needs to jump through a couple of hoops. First, the Nepal Rastra Bank (NRB) needs to give its stamp of approval. Then, the proposal will be presented and hopefully endorsed at the bank’s upcoming 19th Annual General Meeting (AGM). So, keep an eye out for updates following these key events!
Currently, Garima Bikas Bank boasts a paid-up capital of Rs. 5.68 Arba. Post-distribution of the proposed bonus shares, the bank’s paid-up capital is expected to increase to approximately Rs. 6.02 Arba. This growth reflects the bank’s strong performance and commitment to its shareholders.
Garima Bikas Bank, headquartered in Lazimpat, Kathmandu, is dedicated to providing modern and accessible banking services across Nepal. With an extensive network of 125 branch offices, one extension counter, and 51 ATMs, the bank is constantly expanding its reach. They’re committed to offering convenient and technology-driven financial solutions to meet the diverse needs of their customers nationwide. Stay tuned for more updates on banking news and financial news impacting the Nepalese stock market. Investing in Nepalese banks can be a great opportunity, so follow Garima Bikas Bank’s progress! Learn more about investment strategies and shareholder returns in Nepal.
