Global IME Bank Limited to hold its 20th AGM today
Summary
Global IME Bank Limited will hold its 20th Annual General Meeting today, where shareholders will review performance and consider a 10% dividend proposal for FY 2082/83. The bank reported strong growth in deposits, loans and net profit, while highlighting its nationwide network, digital banking expansion and overseas services for Nepalis abroad.
Key Points
- Global IME Bank Limited is holding its 20th AGM on October 2 and has proposed a 10% dividend for FY 2082/83, including cash and bonus shares.
- The bank reported deposits of about NPR 700.44 billion, loans of NPR 476.84 billion and net profit of NPR 6.036 billion for the fiscal year, with profit up 15.90% year-on-year.
- Global IME Bank says it has become the first private-sector commercial bank in Nepal with a branch network across all 77 districts and continues to expand digital and alternative banking services.
- The bank is also targeting Nepali citizens abroad through its Non-Resident and Overseas Banking Division and says its growth strategy will focus on sustainable returns and risk management.
