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  • Thursday, 21 January 2021

Global IME Bank AGM endorses 16 percent dividend

Published Date : January 13, 2021

KATHMANDU: The 14th Annual General Meeting of Global IME Bank Limited concluded today (Wednesday). The meeting was held at the bank’s corporate building in Kamaladi, Kathmandu.

The meeting has approved the 16 percent dividend in which 14 percent as bonus share and 2 percent cash dividend to the shareholders from the profit of the fiscal year 2076/77 BS.

The bank has a operational profit of Rs 4.17 billion and net profit was Rs 2.91 billion. After the distribution of bonus shares, the bank’s paid up capital will reach to Rs. 21.63 billion.

Presenting the report of the fiscal year 2076/77 BS on behalf of the Board of Directors at the General Assembly, Chairman of the Bank Chandra Prasad Dhakal said that Global IME Bank has been committed to the implementation of the policies announced by the Government of Nepal and Nepal Rastra Bank.

Chairman Dhakal in the center speaking at the AGM, (Photo: GIMBL)

He said that 18 banks and financial institutions have been incorporated or merged in the bank so far as per the merger and acquisition policy adopted by the federal government and Nepal Rastra Bank.

At present, the bank has collected more than Rs 249 billion in deposits and invested more than Rs 213 billion in loans.

Similarly, the bank has been providing banking services from 264 branches in 73 districts and with a network of around 800 service centers with the objective of providing access to banking services to all sectors and classes. The bank has more than 3,000 employees. The bank has been providing direct services to around 2.2 million customers.

The AGM also unanimously elected Chandra Prasad Dhakal as the Chairman of the bank. Newly elected Chairman Dhakal was administered the oath of office and secrecy by Governor Maha Prasad Adhikari of Nepal Rastra Bank today.

NRB Governor Maha Prasad Adhikari (center) administers the oath of office and secrecy to the newly elected Chairman Dhakal (left) at NRB office.
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