Garima Bikas Bank Limited is issuing 11 lakh units of rights shares at 2:1 ratio from today.The class ‘B’ development bank based in Pokhara has informed that the shareholders of face value Rs 100 can apply for the rights issue at any of its branches or at its RTS, Elite Capital Limited at Nachghar, Jamal in Kathmandu.
The issuance will close on November 7.
Garima Bikash Bank had posted a net profit of Rs 6.11 crore in the last fiscal year — a 22.66% rise from previous year’s Rs 4.98 crore.
The bank’s EPS hovers around Rs 28, and the net worth stands at Rs 149.34.
The bank has an authorized capital of Rs one arba, issued capital of Rs 33 crore, and the paid-up capital of Rs 22 core.
-sharesansar
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