20% dividend of Garima development bank got endorsed

Kathmandu December 20- NRB has endorsed 20% dividend of Garima development bank to be distributed among the shareholders. Central office located at Pokhara, bank had proposed to distribute 20% dividend to its shareholders from the profit earned in FY 2071/72.

The proposed dividend is still subjected to endorse from its forthcoming AGM before it could be distributed among its shareholders.

Bank has paid up capital of Rs. 711 million which will reach Rs. 853.2 million after distribution of 20% dividend.