Global IME Bank has credited a closing bonus equivalent to one and a half months’ salary to its employees based on last fiscal year’s profit.
Bonus Distribution
Global IME Bank, Nepal’s largest commercial bank, has distributed a closing bonus equal to 1.5 months’ salary to its employees. The bonus was credited to employee accounts on Shrawan 1, 2082 B.S.
Bonus Provision under Law
As per Subsection (1) of Section 5 of the Bonus Act, institutions that earn a profit are required to allocate 10% of their net profit to employee bonuses. Based on this provision, commercial banks in Nepal annually provide bonuses to their staff from net profits.
Additional Bonus After AGM
Although the bank has already deposited the 1.5-month bonus, it is planning to distribute additional bonuses after the external audit and approval at the upcoming Annual General Meeting (AGM).
Employee Base
Global IME Bank employs over 4,200 staff members across the country, making it the largest commercial bank in Nepal by workforce and operations.
📌 This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
