Global IME Bank Limited has officially concluded its 20th Annual General Meeting, approving a 10 percent dividend for its shareholders from the profits of the fiscal year 2082/83.
The meeting took place this Friday at the Nepal Police Club in Kathmandu. During this event, the bank finalized a distribution of 4 percent bonus shares along with 6 percent cash dividend, which includes the tax amount. With these bonus shares now distributed, the bank’s total paid-up capital has reached 39 arba 68 crore 60 lakh rupees.
Financial Growth and Future Plans
The bank’s Chairman, Chandra Prasad Dhakal, presented the annual report and the integrated financial statements, which were officially passed by the assembly. For the period being reviewed, the bank achieved a net profit of 6 arba 4 crore rupees, marking a 15.90 percent increase compared to the previous year. Furthermore, the bank recorded an operating profit of 9 arba 60 crore rupees.
The assembly also gave authority to the board of directors to make necessary amendments to the company’s articles of association and regulations. They also approved the appointment of an auditor for the upcoming fiscal year. Chairman Dhakal mentioned that the bank finished a two-decade journey because of the help from customers, shareholders, and regulators. He promised to make banking services more easy and tech-friendly by investing more in digital banking.
Network and Social Responsibility
Global IME Bank now has a wide network across all 77 districts of Nepal. This includes 341 branches, 366 ATM booths, 147 branchless banking centers, 69 extension and revenue collection counters, and three representative offices in foreign countries.
In addition to financial operations, the bank has supported relief efforts for those affected by the Bhote Koshi and Trishuli floods. They have transferred 5 crore 75 lakh 92 thousand rupees to the Prime Minister’s Disaster Relief Fund, which includes one day’s salary from the employees.
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.
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