13th December 2024, Kathmandu
Global IME Bank Limited successfully concluded its 18th Annual General Meeting (AGM) on Thursday in Kathmandu.
Global IME Bank’s 18th AGM
The AGM unanimously approved the bank’s proposal to distribute 5.5% bonus shares to its shareholders from the retained earnings and capital adjustment fund of the fiscal year 2080/81. Additionally, amendments to the bank’s Articles of Association and Bylaws were approved to reflect the increased capital after the bonus share distribution.
Strong Financial Performance in FY 2080/81
Global IME Bank achieved a remarkable operating profit of NPR 12.48 billion and a post-tax profit of NPR 6.13 billion in FY 2080/81. Following the distribution of the proposed bonus shares, the bank’s paid-up capital is set to increase to NPR 38.11 billion.
Commitment to Growth and Compliance
During the AGM, Chairman Chandra Prasad Dhakal emphasized the bank’s commitment to adhering to policies declared by the Government of Nepal and Nepal Rastra Bank while ensuring fair returns to shareholders. He also highlighted the bank’s strategic plans to expand into new business areas and maintain balanced growth.
Prestigious Awards and Recognitions
Global IME Bank has received prestigious accolades, including:
Best Bank Award 2024 by Global Finance
Euromoney Award for Excellence 2024 as Nepal’s Best Bank
The bank has also been honored by various national and international organizations for its exceptional performance and contributions.
Extensive Network and Services
Global IME Bank stands as Nepal’s first private commercial bank to establish a presence in all 77 districts of the country.
Its extensive network includes:
354 branch offices
384 ATMs
255 branchless banking services
68 extension and revenue collection counters
3 international representative offices
With over 1,100 service centers, the bank ensures top-notch financial services to its customers across the nation.
Leading Remittance Services
The bank plays a significant role in providing remittance services to Nepali citizens worldwide. It operates in countries like the USA, UK, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, and Jordan, contributing to Nepal’s economic prosperity.
Conclusion
Global IME Bank’s 18th AGM reflects its strong financial health, commitment to shareholder value, and strategic growth initiatives. With its extensive service network, innovative banking solutions, and international remittance operations, the bank continues to lead Nepal’s banking sector.
For more: Global IME Bank’s 18th AGM
