Garima Bikas Bank declares 20pc bonus, capital to increased to Rs 85.32 cr

Sharesansar, Dec 17: The BOD meeting of Pokhara based Garima Bikas Bank Limited has proposed  20 percent bonus share to its shareholders from the net profit it earned during the last FY 2071/72. The bank is issuing a bonus share equivalent to Rs 14.22 crore which will increased the paid up capital from existing Rs 71.10 crore to Rs 85.03 crore. The bank has collected Rs 7 billion of deposits and disbursed loans of Rs 6.15 billion till date. Garima Bikas Bank has been providing services to the customers of 10 districts through its 24 branch office and one extension counter. Recently, the bank got approval from Nepal Rastra Bank to open 5 more branch office. Last trading price of Garima Bikas Bank  stood at Rs 330 as of December 17, 2015. Last year also the company has offered 20 pc bonus share to its shareholders.