Kathmandu. The 20th Annual General Meeting of Garima Bikas Bank has concluded. The AGM has approved the 20 percent dividend proposed to be given to the shareholders.

The proposal of distributing 10 percent bonus shares and 10 percent cash dividend on its current paid-up capital has been endorsed.

The AGM also approved the annual report for the financial year 2082/83, the financial statement along with the auditor’s report and the proposal to appoint an auditor for the financial year 2083/84. The meeting approved the balance sheet for the fiscal year 2082/83, the profit and loss account, the cash flow statement, the profit and loss allocation account, the details related to the changes in equity and their schedules.

The current paid-up capital of the bank stands at Rs 6,02,13,48,367.22 billion. According to the company, the bank’s paid-up capital will increase to Rs 6,62,34,83,203 after the distribution of 10 percent bonus shares approved by the AGM. Garima Bikas Bank has been providing banking services through 126 branches and 51 ATMs across the country. The bank has been providing simple, secure and quality services to its customers through innovative digital banking services.