Global IME Bank has proposed to distribute a 10 percent dividend to its shareholders from the distributable profit of the fiscal year 2082/83.
Global IME Bank has proposed to distributing a 10 percent dividend to its shareholders. This dividend will be given from the bank’s distributable profit of the fiscal year 2082/83.
The decision was made during 473rd meeting of bank’s board of directors held on Wednesday morning, Bhadra 17. The board decided to propose this 10 percent dividend of the paid-up capital.
Among the proposed dividend, 6 percent will be in cash and 4 percent will be in bonus shares. The bank has also stated that tax for both cash and bonus shares is already included in this proposed percentage.
The bank will now need to get approval from Nepal Rastra Bank to distribute this proposed dividend. After getting approval from Nepal Rastra Bank, the proposal will be presented in the upcoming 20th Annual General Meeting of the bank. Shareholders will receive their dividend only after it is passed by the AGM.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
