The AGM being held at Hotel Vishwa in Birjung is due to endorse 15 percent bonus shares to its shareholders from the net profit the commercial bank posted in the last fiscal year 2069/70.
The Annual event is also likely to endorse a proposal to soar up capital of the bank.
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 and Trust Bank is finalized, the bank’s paid-up capital will surge to Rs 4.41 arba. -SSN
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