Global IME Bank announced 21% bonus & 4% cash for fy 2070/71

Global IME Bank Ltd. has announced an attractive 25 percent dividend to its shareholders. The board of directors (BoD) meeting held yesterday evening proposed to distribute 21 percent bonus shares and 4 percent of cash dividend to its share holders.

The decision is, however, subject to the approval from the bank’s upcoming annual general meeting and the Nepal Rastra Bank (NRB).

According to the unaudited financial statement of the bank published recently, the bank earned a net profit of Rs 101.9 crore in the last fiscal year 2070/71, an impressive growth from the FY 69/70 Rs 44.9 crores.

The bank had offered 15 percent bonus share last year too. SSN