Global IME declares 16% bonus share; Paid up to reach Rs 7.14 arba

Global IME Bank Limited (GBIME) has decided to distribute 16 percent bonus share to its shareholders. As per the notice published in NEPSE today, the BOD meeting held today (Bhadra 29, 2073) has proposed 16 percent stock dividend to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). Last year, GBIME had distributed 23% bonus share to its shareholders. Global IME Bank has earned net profit of Rs 1.39 arba in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 6.16 arba. After distribution of 16 % bonus share the paid up capital will reach to Rs 7.14 arba.