Global IME Bank proposes 13% dividend

KATHMANDU, SEP 7: 

Global IME Bank has proposed to give away 13 percent dividend to its shareholders from net profit earned in the last fiscal year ended July 15. Of this, 10 percent will be in the form of cash, while the rest three percent will be in the form of bonus shares, says a bank statement. A decision in this regard was taken by a meeting of the bank´s board of directors held recently. It will now be forwarded to the bank´s upcoming annual general meeting. The bank generated a net profit of Rs 352.1 million in the last fiscal year.

Source: Republica