Global IME Bank holding 8th AGM today; 21% bonus shares to be endorsed

ShareSansar, October 15:

Global IME Bank Ltd is holding its 8th annual general meeting (AGM) today.

The AGM of the bank is likely to endorse the recommendation of distributing 21 percent bonus shares and 4 percent cash dividend made by its board of directors.

According to the unaudited financial statement of the bank, it earned a net profit of Rs 101.9 crore in the last fiscal year 2070/71, an impressive growth from the FY 69/70 Rs 44.9 crore.

After the 21 percent dividend of the bank is adjusted following the approval of its upcoming AGM and the Nepal Rastra Bank, the paid-up capital of the Global IME will shoot up to Rs 5.1 arba from Rs 4.14 arba. This will secure the bank’s top position among the list of private commercial banks which have the highest paid-up capital.