Global IME Bank To Grant 25.5 Percent Dividends in fiscal year 2075/76

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The 13th Annual General meeting  of the Global IME Bank Limited concluded with a decision to provide 25.5 percent dividends to shareholders in the fiscal year 2075/76 BS.

According to Bank sources, Bank has generated net income of Rs 2.76 billion in the fiscal year 2075/76 BS. Its paid-up capital would reach Rs 19.76 billion following the distribution of bonus shares.

Likewise, the  Annual general meeting has decided to merge Janata Bank Nepal Limited with Global IME Bank Limited. Preparation for obtaining approval for integrated transaction from the name of Global IME Bank is almost in the final stage.

Annual General meeting also has endorsed a special proposal to increase the bank’s authorized capital of Rs 16 billion to Rs 25 billion.
Bank’s Chair Chandra Prasad Dhakal said that preparation is underway to begin integrated service within mid-December.

According to Dhakal Global IME Bank would be the largest bank of the country after the merger.