Kathmandu. Garima Bikas Bank has announced a dividend to its shareholders.

The meeting of the Board of Directors held on Thursday has declared 20 percent dividend from the profit of the last fiscal year 2082/83.

This includes 10 percent bonus shares and 10 percent cash dividend including tax. The dividend proposal will be approved by the Nepal Rastra Bank and approved by the next general meeting of the bank.

Currently, the bank’s paid-up capital stands at Rs 6.02 billion. After the approval of the proposed 10 percent bonus, the paid-up capital will increase by about Rs 60.21 crore to Rs 6.62 billion.