16th October 2025, Kathmandu
Global IME Bank Limited, a major player in Nepal’s commercial banking landscape, has convened its 19th Annual General Meeting (AGM), marking a critical annual event for its shareholders and providing important signals to the financial market.
Global IME Calls AGM
Scheduled for Kartik 26, 2082 (November 12, 2025), at the Nepal Pragya Pratishthan in Kamaladi, Kathmandu, this AGM is much more than a routine meeting; it’s the final endorsement point for the bank’s strategic decisions and its commitment to rewarding shareholders. The key highlight is the proposal to approve an 8% cash dividend from the profits of the last fiscal year, a move that is highly anticipated by investors across the Nepal Stock Exchange (NEPSE).
The Significance of the 8% Cash Dividend for GBIME Shareholders
The announcement of an 8% cash dividend (including tax), proposed on the bank’s substantial paid-up capital of Rs. 38.11 Arba, translates to a significant total payout of approximately Rs. 3.04 Arba. For individual shareholders, this cash dividend provides an immediate, tangible return on their investment, confirming the bank’s strong financial health and consistent profitability.
The dividend proposal, initially decided during the 459th board of directors meeting on Ashwin 25, 2082, is a powerful signal. In the Nepalese stock market, dividend announcements—especially from major commercial banks like GBIME—often serve as a direct communication of a company’s future outlook. Consistent dividend payouts, which Global IME Bank has demonstrated over the past decade, support the dividend signaling hypothesis. This theory suggests that such announcements are perceived by investors as favorable news, indicating that the management is confident in the bank’s future earnings and financial stability. This steady dividend policy fosters investor confidence and can help stabilize the bank’s share price in a volatile market environment.
Furthermore, a cash dividend, as opposed to a bonus share, immediately puts funds into the shareholders’ hands, offering them liquid capital. This is particularly relevant in the current economic climate, where investors appreciate the certainty of cash returns.
Important Dates: Book Closure and Eligibility
For shareholders, the most crucial detail is the book closure date, which determines eligibility for both the dividend and participation in the AGM. The bank has declared the book closure on Kartik 16, 2082.
Key Eligibility Rule
To be eligible to receive the proposed 8% cash dividend and to attend the 19th AGM, a shareholder must have their shares recorded in the Demat account by the last trading day before the book closure.
The notice clearly states that shareholders whose shares are traded on NEPSE by Kartik 13 will be considered eligible.
This cut-off date often triggers increased trading activity in the preceding days as investors rush to secure the dividend benefit, demonstrating the direct impact of the AGM announcement on the NEPSE stock market.
Comprehensive AGM Agendas: Beyond the Dividend Payout
While the cash dividend is the most attractive item for shareholders, the 19th AGM includes several critical corporate governance and financial items that secure the bank’s operational framework for the coming fiscal year. These resolutions are fundamental to the long-term strategic direction and regulatory compliance of Global IME Bank.
- Core Agendas for Approval:
Financial Statement Endorsement: The AGM is set to approve the auditor’s report for the Fiscal Year 2081/82, along with the full financial reports, including the Profit and Loss statements, Balance Sheets, and Cash Flow reports. This review ensures transparency and accountability to the shareholders regarding the bank’s financial performance. - Consolidated Financials: A significant item on the agenda is the approval of the consolidated financial statements of GBIME’s subsidiary companies. These subsidiaries typically include entities like Global IME Capital, Global IME Laghubitta Bittiya Sanstha, and Global IME Securities. The consolidated report provides a holistic view of the Group’s total financial strength and is a key indicator of its systemic importance in the Nepalese financial sector.
- Appointment of Auditor: The meeting will approve the appointment of the statutory auditor and determine their remuneration for the next fiscal year (2082/83). This step is essential for maintaining independent oversight and regulatory compliance.
- Special Resolution for Articles Amendments: The Board of Directors will seek endorsement of a special resolution to add or amend the bank’s Articles of Association and Regulations. This is a crucial strategic step, allowing the Board flexibility to respond to changes in regulatory requirements from the Nepal Rastra Bank (NRB) or to adapt to new business opportunities and internal organizational shifts. The authority granted to the Board ensures the bank can remain agile and compliant in a dynamically regulated environment.
Impact on the Nepalese Banking Sector
The smooth conduction of Global IME’s AGM and the approval of its consistent dividend policy send a positive message across the entire Nepalese banking sector. As one of Nepal’s largest commercial banks, its performance and governance standards are closely watched.
- Benchmark for Stability: Global IME’s proposed 8% cash dividend, especially following its previous dividend trend, reinforces the perception of stability within the major commercial banks, reassuring regulators and the public about the banking system’s resilience.
- Regulatory Compliance: All dividend distributions by Banks and Financial Institutions (BFIs) in Nepal are subject to prior approval from the NRB. The proposal’s announcement implies that Global IME has met the strict regulatory requirements, including maintaining the Capital Conservation Buffer (CCB) and other capital adequacy measures, which is a positive sign for the sector’s overall health.
- Market Momentum: Dividend announcements often create a positive buzz, which can contribute to the overall momentum of the banking sub-index on NEPSE, drawing attention to other well-performing financial institutions.
In conclusion, the 19th AGM of Global IME Bank is a cornerstone event that ratifies the bank’s strong financial performance for FY 2023/24. The approval of the 8% cash dividend will directly benefit shareholders, while the comprehensive agenda for corporate governance and financial endorsements secures the bank’s strategic path forward, positioning Global IME Bank as a beacon of stability and consistent return within the Nepalese financial market.
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