Global IME Bank announces 10% stock & 10% cash dividend; paid up capital to reach Rs 8.88 arba

Global IME Bank Limited (GBIME) has proposed 20% dividend to its shareholders from the profits it earned in FY 2073/74. The bank has proposed 10% stock and 10% cash dividend. As per the notice published in NEPSE, the bank’s BOD meeting held today has proposed the dividends. However, the decision is subject to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). Last year. GBIME had distributed 15.76% stock dividend to its shareholders. The bank has earned net profit of Rs 2.06 arba in fourh quarter of FY 2073/74, registering an EPS of Rs 25.22. Its paid up capital currently stands at Rs 8.08 arba, and after the issuance of 10% bonus, its paid up capital will reach Rs 8.88 arba. Shareholders of recently acquired Reliable Development Bank Limited are also eligible for the above dividends.