Global IME Bank to grant 25.5 percent dividends - English Version of Pharak Sandesh

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Tuesday, November 19, 2019

Global IME Bank to grant 25.5 percent dividends

Kathmandu, Nov 19 : The 13th annual general meeting (AGM) of the Global IME Bank Limited concluded with a decision to provide 25.5 percent dividends to shareholders in the fiscal year 2075/76 BS.

The bank has generated net income of Rs 2.76 billion in the fiscal year 2075/76 BS. Its paid-up capital would reach Rs 19.76 billion following the distribution of bonus shares, said the bank sources. 

Likewise, the AGM has decided to merge Janata Bank Nepal Limited with Global IME Bank Limited. Preparation for obtaining approval for integrated transaction from the name of Global IME Bank is almost in the final stage. The AGM also has endorsed a special proposal to increase the bank's authorized capital of Rs 16 billion to Rs 25 billion. 

Bank's Chair Chandra Prasad Dhakal shared that preparation is underway to begin integrated service within mid-December. 

Global IME Bank would be the largest bank of the country after the merger, Dhakal claimed.(RSS)

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