GIBL approves 5.5% bonus shares at 18th AGM
For the fiscal year 2080/81, the bank reported an operational profit of Rs 12.48 billion and a post-tax profit of Rs 6.13 billion.
KATHMANDU: Global IME Bank Limited (GIBL) held its 18th Annual General Meeting (AGM) in Kathmandu on Thursday.
The AGM unanimously approved the proposal to distribute a 5.5% bonus share dividend to the bank’s shareholders, funded by the retained profit and capital adjustment reserve for the fiscal year 2080/81.
The AGM also approved the annual report and consolidated financial statements presented by the bank’s Chair, Chandra Prasad Dhakal, on behalf of the board of directors.
Additionally, the proposal to amend the memorandum and articles of association, in line with the increase in capital following the bonus share distribution, was passed.
For the fiscal year 2080/81, the bank reported an operational profit of Rs 12.48 billion and a post-tax profit of Rs 6.13 billion.
Following the proposed bonus share distribution, the bank’s paid-up capital will rise to Rs 38.11 billion.
During the AGM, Chair Dhakal assured shareholders that the bank remains committed to providing reasonable dividends while fully complying with the policies set by the Government of Nepal and Nepal Rastra Bank (NRB).
He also highlighted the bank’s plan to expand into new business areas under its strategic growth plan.
