Kathmandu, – Global IME Bank Limited’s 18th Annual General Meeting has successfully concluded in Kathmandu.
The Annual General Meeting has unanimously approved the proposal to distribute a 5.5 percent bonus share to its shareholders from retained profits and the Capital Adjustment Fund for the fiscal year 2080-81.
The meeting also approved the annual report and the integrated financial statement presented by Chairman Chandra Prasad Dhakal on behalf of the Board of Directors. Additionally, the proposal to amend the Memorandum of Association and regulations concerning the capital increase following the distribution of bonus shares, has been passed.
Global IME Bank has reported an operating profit of 12 Arba 48 Crore and a profit after tax of 6 Arba 13 Crore for the fiscal year 2080-81.
After the distribution of the proposed bonus shares, the bank’s paid-up capital will reach 38 Arba 11 Crore 58 Lakh. During the meeting, Chairman Dhakal committed to providing a reasonable dividend to shareholders in accordance with the policies announced by Nepal Government and Nepal Rastra Bank.
He also mentioned that the bank plans to continue its balanced expansion of new business areas under its business strategic plan.
Global IME Bank has also been awarded in two categories: Global Finance’s “Best Bank Award” 2024 and the “Euromoney Award for Excellence” 2024 as the Best Bank in Nepal.