Global IME Bank has said it will issue additional shares to general public as instructed by the central regulatory bank to maintain 30 percent holding of the public at the bank.
The special AGM of the bank held in Birgunj on Sunday endorsed the proposal to issue Follow on Public Offer (FPO) to maintain such requirement of the NRB, a bank statement said.
After the merger with the Commerz and Trust Bank, public shareholding of the bank stands at 29.4 percent. The bank has paid-up capital of Rs 6 billion. The total deposits of the bank stands at Rs 50 billion and lending at Rs 41 billion, according to the statement.
source: republica,2 june 2014
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The special AGM of the bank held in Birgunj on Sunday endorsed the proposal to issue Follow on Public Offer (FPO) to maintain such requirement of the NRB, a bank statement said.
After the merger with the Commerz and Trust Bank, public shareholding of the bank stands at 29.4 percent. The bank has paid-up capital of Rs 6 billion. The total deposits of the bank stands at Rs 50 billion and lending at Rs 41 billion, according to the statement.
source: republica,2 june 2014
LINK
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