GIBL holds 19th AGM, approves 8% cash dividend
The AGM unanimously approved an 8% cash dividend (including tax) from the bank’s paid-up capital, utilizing profits from the fiscal year 2081/82.
KATHMANDU: Global IME Bank Limited (GIBL) successfully conducted its 19th Annual General Meeting (AGM) on Wednesday in Kathmandu.
The AGM unanimously approved an 8% cash dividend (including tax) from the bank’s paid-up capital, utilizing profits from the fiscal year 2081/82.
During the meeting, shareholders endorsed the annual report and consolidated financial statements presented by the bank’s Chairman, Chandra Prasad Dhakal, on behalf of the Board of Directors.
According to the report, the bank earned an operating profit of Rs 7.23 billion and a net profit of Rs 5.07 billion after tax in the fiscal year 2081/82.
Chairman Dhakal reaffirmed the bank’s commitment to delivering fair returns to shareholders while strictly adhering to the policies and regulations of the Government of Nepal and Nepal Rastra Bank.
He also emphasized the bank’s plan to continue expanding into new business areas in a balanced and strategic manner.
The AGM was attended by representatives from Nepal Rastra Bank, the Securities Board of Nepal, the Nepal Stock Exchange, institutional investors, shareholders, media personnel, and bank employees.
