Global IME’s AGM

KATHMANDU: Global IME Bank organised its 11th annual general meeting (AGM) on Thursday.

The AGM has endorsed the proposal to provide 20 per cent dividend — 10 per cent cash and 10 per cent bonus shares — to shareholders from its profit of fiscal 2016-17.

After distribution of the bonus shares, the bank’s paid-up capital will stand at Rs 8.88 billion. Till the end of the first quarter of this fiscal, Global IME has been able to collect deposits worth Rs 104.94 billion and disbursed loans worth Rs 88.77 billion.

The bank has been providing its services through 108 branches, 14 revenue collection counters, one CDSC counter, 125 ATMs, four extension counters and 46 branchless banking points.