Global IME Bank Limited (GBIME) has proposed a 5.5% dividend for its shareholders for the fiscal year 2080/81. This decision was made during the 446th board meeting held on Ashwin 21. The proposed dividend includes 5.5% bonus shares, which will be distributed based on the bank’s paid-up capital of Rs. 36.12 Arba.
The distribution of the dividend, however, will only take place after receiving approval from the Nepal Rastra Bank (NRB) and endorsement by the company’s upcoming 18th Annual General Meeting (AGM). The approval process is a standard requirement for all dividend proposals made by financial institutions in Nepal.
As of the latest stock market update, Global IME Bank’s last traded price (LTP) stands at Rs. 253.10. The proposed dividend, if approved, will benefit shareholders, further increasing the value of their investment in one of Nepal’s leading commercial banks.
Global IME Bank has a solid history of rewarding its shareholders with dividends, and this latest proposal is expected to maintain that trend, subject to regulatory approvals and AGM decisions.
