Garima Bikash Bank Concludes 19th Annual General Meeting

Garima Bikas Bank Limited’s nineteenth Annual General Meeting (AGM) was held on Thursday, 11 November 2025 (2079 Kartik 27 B.S.) at Hotel Pokhara Grande, located in Pokhara Metropolitan City of Kaski district. The AGM approved a proposal to distribute a total dividend of 10.53% to shareholders, consisting of 6% bonus shares and 4.53% cash dividend (including tax on the proposed bonus shares and cash dividend).

The AGM also passed the bank’s annual report for fiscal year 2081/82, the auditor’s report along with the balance sheet as of the end of Ashar 2082, the profit and loss statement for FY 2081/82, cash flow statement, profit distribution statement, statement of changes in equity, and related schedules. It also approved general proposals including the appointment of an auditor for fiscal year 2082/83.

Similarly, under special proposals, the AGM approved increasing the bank’s current authorized capital to NPR 6.10 billion, relocating the central office from Lazimpat (Ward 2 of Kathmandu Metropolitan City) to its own building located in Baluwatar (Ward 3), changing the existing stamp and logo, and amending the Memorandum of Association and Articles of Association.

At present, the bank’s paid-up capital is NPR 5,680,517,327.57. After distributing the 6% bonus shares approved by this AGM, the bank’s issued and paid-up capital will increase to NPR 6,021,348,367.22.