Global IME Bank AGM in Birgunj on Jan 3 to endorse 15% bonus shares

Global IME Bank, which has entered into a merger process with Commerz and Trust Bank Nepal Limited, is going to hold its Annual General Meeting on January 3.

The AGM scheduled at Hotel Vishwa in Birgunj sub-metropolis is due will formally endorse 15 percent bonus shares to the shareholders from the net profit it earned in the last fiscal year 2069/70.

Global IME Bank’s net profit had risen by 108.24 percent in the last fiscal year. The bank garnered profits of Rs 55.24 crore as against Rs 26.53 crore in the previous fiscal year.

The bank’s deposits increased from Rs 26.91 arba in the last fiscal to Rs 34.11 arba this year, an increase of 26.74 percent.

Once the merger with Commerz is finalized, the bank’s paid-up capital will surge to Rs 4.41 arba.
-sharesansar