Chandra Prasad Dhakal elected as Chairman of the Board of Directors of Global IME Bank

14th Jan, 2021 | Tourism Mail Crew

KATHMANDU, Jan 14: The 14th Annual General Meeting of Global IME Bank Limited was held on Wednesday, December 12, 2077 BS at the Bank's Corporate Building, Kamaladi, Kathmandu.

The 14th Annual General Meeting of the Bank concluded by passing the decision to pay 16 percent dividend by offering 14 percent bonus shares and 2 percent cash dividend to the shareholders from the total profits of the Fiscal Year 2076/77. The bank had earned an operating profit of Rs 4.17 billion and a profit after tax of Rs 2.91 billion in the last fiscal year 2076/77. 

After the distribution of bonus shares, the bank's paid up capital will reach Rs. 21.63 billion. Presenting the report of the Fiscal Year 2076/77 BS on behalf of the Board of Directors at the General Assembly, Chairman of the Bank Chandra Prasad Dhakal said that Global IME Bank has been committed to the implementation of the policies announced by the Government of Nepal and Nepal Rastra Bank since its inception.

He said that 18 banks and financial institutions have been incorporated in the bank so far as per the merger and acquisition policy adopted by the federal government and Nepal Rastra Bank. Stating that Global IME Bank has become the largest and strongest bank in the country after the merger with the former Janata Bank Nepal, he expressed his commitment to provide more accessible banking services in the coming days as per the aspirations of the shareholders. He said that the bank would continue to grow its deposits, credit investment and other areas of business expansion in line with its business strategic plan as per its business strategy. 

In FY 2076/77, the interest income of the bank has increased by Rs. 6.96 billion over the previous year. Despite the increase in revenue, the bank's net profit increased by only 5.31 percent to Rs 2.91 billion during the same period due to risk management of up to Rs 1.95 billion due to corona virus. At present, the bank has collected more than Rs 249 billion in deposits and invested more than Rs 213 billion in loans. 

Similarly, the Bank has been providing banking services from around 800 service centers with a network of 264 branches in 73 districts with the objective of providing access to banking services to all sectors and classes. The bank has more than 3,000 employees. The bank has been providing direct services to around 2.2 million customers. The 14th annual general meeting held today also elected a new board of directors of the bank under the chairmanship of Chandra Prasad Dhakal. Other board members are Cabinet Shrestha (Founder), Ram Bahadur Bhandari (Founder), Sudarshan Krishna Shrestha (General), Krishna Prasad Sharma (General) and Deepak Sharma Pokhrel (General). 

Newly elected Chairman Chandra Prasad Dhakal was administered the oath of office and secrecy by Governor Maha Prasad Adhikari of Nepal Rastra Bank today. The 14th general meeting of the bank, which was conducted through direct and virtual means, was attended by the share members, employees and media persons of the bank.