11th AGM of Global IME Bank on Kartik 23; to endorse 20% dividend

Global IME Bank Limited (GBIME) will be conducting its 11^th Annual General Meeting (AGM) on Kartik 23, 2074. The AGM is going to be held at Karki Banquet, Babarmahal, Kathmandu at 11:00 AM. The main agendas of the AGM are:

• To endorse 10% bonus and 10% cash dividend from the net profit of FY 2073/74.
• To increase issued and paid up capital.
• To increase meeting allowances and other facilities of Board of Directors.
• To amend Memorandum of Association (MOA) and Articles of Association (AOA).
• To endorse decision for provisioning 1% of net profit for Corporate Social Responsibility (CSR).

Other agendas of the AGM are major financial highlights of FY 2073/74 and appointment of auditor for the FY 2074/75. The book closure date for the AGM and proposed dividend has been set on Kartik 8 to Kartik 23, 2074. But only those shareholders holding shares one day ahead of the book closure date, i.e. till Kartik 5, 2074 are eligible to participate in the AGM and proposed dividend. 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.