Last day to secure 15% & 25% bonus share of Global IME Bank & Excel Development Bank respectively

Today is the last day to get hold of 15 percent stock dividend of Global IME Bank Limited (GBIME) for the fiscal year 2072/73. The register of their shareholders will remain closed from Chaitra 7 to Chaitra 21, 2073. Only those shares traded one day ahead of the book closure date i.e. till today (Chaitra 6, 2073) are eligible for the bonus shares and for participation in the AGM. Global IME Bank will be convening its 10^th Annual General Meeting (AGM) on Chaitra 21, 2073. GBIME has earned net profit of Rs 91.77 crore in the second quarter of the FY 2073/74. It recently started joint operation with Pacific Development Bank after its acquisition, and is under process of acquiring Reliable Development Bank Limited. Likewise, today is also the last day to get hold of 25 percent stock dividend of Excel Development Bank Limited (EDBL) for the fiscal year 2072/73. The book closure date for the AGM has been set for Chaitra 7, 2073 till Chaitra 19, 2073. Only the shares registered one trading day ahead of the book closure date i.e. today are eligible for the 25 percent bonus shares. EDBL has earned net profit of Rs 7.38 crore in the second quarter of the current fiscal year 2073/74. It’s paid up capital remains at Rs 30.77 crore. As a 1-3 district level development bank, it should increase its paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74. After issuance of the proposed 25% bonus and 50% right share, its paid up capital will reach Rs 57.70 crore, thereby exceeding the minimum paid up capital requirement of NRB.