Skip to content
|Loading...
Share Gyan home
EBook

Global IME Bank Approves 10% Dividend at 20th AGM

Global IME Bank has approved a 10% dividend, comprising 4% bonus shares and 6% cash dividend including tax, from its profit for FY 2082/83.

Published By Share Gyan
Global IME Bank Approves 10% Dividend at 20th AGM

Global IME Bank Limited (GBIME) has successfully concluded its 20th Annual General Meeting (AGM) on Friday at Nepal Police Club in Bhrikutimandap, Kathmandu. The AGM unanimously approved the proposal to distribute a total 10% dividend to shareholders from the bank’s profit for the fiscal year 2082/83. The dividend comprises 4% bonus shares and 6% cash dividend, including tax. The AGM also endorsed the annual report and integrated financial statements presented by the bank’s Chairman, Chandra Prasad Dhakal, on behalf of the Board of Directors. During the review period, the bank reported a net profit of Rs. 6.04 billion, marking a 15.90% increase compared to the previous fiscal year. Similarly, the bank posted an operating profit of Rs. 9.60 billion. Following the distribution of the approved bonus shares, the bank’s paid-up capital has reached Rs. 39.686 billion.

Related News

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

Companies in This News