Dividend History Of Garima Bikas Bank (GBBL)

December 27, 2020 | Investopaper

Garima Bikas Bank Limited (GBBL) was incorporated on Shrawan 22, 2064 under Company Act and acquired a license from Nepal Rastra Bank to perform its financial transactions on Ashwin 24, 2064. The bank started its formal operations on Kartik 18, 2064 from Waling 3, Syangja.

After the successful merger between Garima Bikas Bank Limited and the then Nilgiri Bikas Bank Limited, the bank upgraded to National Level on Ashadh 29, 2072.  The bank also merged with Subhechha Bikas Bank Limited on Ashwin 04, 2073. On Chaitra 27, 2073 the bank shifted its’ head office to Lazimpat, Kathmandu from Mahandrapool, Pokhara, Kaski.

The development bank has consistently distributed dividend to the shareholders over the years. The table below presents the dividend history of Garima Bikas Bank since the fiscal year 2066/67.

Dividend History Of Garima Bikas Bank (GBBL)

Fiscal Year Fiscal Year Cash Dividend (%) Bonus Share (%) Total Dividend  (%)
2009/10 2066/67 0 0 0
2010/11 2067/68 18 0 18
2011/12 2068/69 15 10 25
2012/13 2069/70 5 20 25
2013/14 2070/71 1.05 20 21.05
2014/15 2071/72 0 20 20
2015/16 2072/73 0 20 20
2016/17 2073/74 0 15 15
2017/18 2074/75 3.75 10 13.75
2018/19 2075/76 0.85 16.15 17
2019/20 2076/77 0.71 13.5 14.21

Suggested Readings:

Dividend History Of Muktinath Bikas Bank Limited (MNBBL)

Dividend History Of Shine Resunga Development Bank Limited

 

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