Global IME Bank announces 25 percent dividend

Global IME Bank Ltd has announced 25 percent dividend to its shareholders from the net profit that it earned in 2013/14.

According to a bank statement, the meeting of the board of directors (BoD) held on Friday decided to propose the distribution of 21 percent bonus shares and 4 percent cash dividend to its shareholders.

 The decision, however, is subject to the approval of the bank´s upcoming eighth annual general meeting and Nepal Rastra Bank. With the distribution of the proposed bonus shares, the bank´s paid-up capital will reach to Rs 5 billion.

source: republica, 7 sept 2014
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