Green Development Bank Limited (GRDBL) has announced its plan to distribute a 6.0527% dividend in cash and bonus shares for the fiscal year 2080/81. The company’s last dividend was 4% in the fiscal year 2078/79.
Dividend Details:
- 5.75% of the dividend will be distributed as Bonus Shares on paid-up capital, worth Rs. 3.09 crore.
- 0.3027% dividend will be distributed as a Cash Dividend (for tax purposes) amounting to Rs. 16.30 lakhs.
The dividend is calculated based on the company’s paid-up capital of Rs. 53.87 crore. The proposed dividend can only be distributed after approval by Nepal Rastra Bank and confirmation at the company’s upcoming Annual General Meeting (AGM). This consistent dividend distribution reflects the bank’s effort to maintain shareholder value.
About Company:
Green Development Bank Ltd, established under the Bank and Financial Institution Act, of 2063, is the first local development bank in Baglung. Serving five districts (Baglung, Myagdi, Kaski, Tanahun, and Nawalpur), it focuses on providing banking services to both urban and rural areas. The bank aims to support growth in agriculture, industry, and business by mobilizing resources. With a vision of excelling in customer service, it prioritizes employee empowerment and smart use of technology.
