Global IME Bank to merge with Janata Bank

The 13th annual general meeting of the Global IME Bank Limited (AGM) has decided to merge Janata Bank Nepal Limited with Global IME Bank Limited. Bank’s Chairperson Chandra Prasad Dhakal said that the Preparation for obtaining approval for integrated transaction from the name of Global IME Bank is almost in the final stage. ‘The preparation is underway to begin integrated service within mid-December,’ said Mr.Dhakal. He also claimed that this merger would make Global IME Bank the largest bank of the country.

The AGM also came up with a decision to provide 25.5 percent dividends to shareholders in the fiscal year 2075/76 BS.
The net income of the bank was Rs 2.76 billion.

Likewise, the AGM also has endorsed a special proposal to increase the bank’s authorized capital of Rs 16 billion to Rs 25 billion.