November 6, 2022 | Investopaper
Global IME Bank Ltd. (GIBL) emerged after the successful merger of Global Bank Ltd (an “A” class commercial bank), IME Financial Institution (a “C” class finance company), and Lord Buddha Finance Ltd. (a “C” class finance company) in the year 2012. Two more “B” class development banks (Social Development Bank and Gulmi Bikas Bank) merged with Global IME Bank Ltd in the year 2013.
Later, in the year 2014, Global IME Bank made another merger with Commerz and Trust Bank Nepal Ltd. (an “A” class commercial bank). During 2015-16, Global IME Bank Limited acquired Pacific Development Bank Limited (a “B” Class Development Bank) and Reliable Development Bank Limited (a “B” Class Development Bank). During 2019-20, Global IME Bank Limited acquired Hathway Finance Limited (a “C” class finance company) and merged with Janata Bank Nepal Limited (an “A” class commercial bank).
Global IME Bank has provided a moderate return to the shareholders in the form of dividends over the years. The dividend by the bank ranged from 5 percent to 25.5 percent.
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The table below presents the dividend history of Global IME Bank since its inception.
Dividend History Of Global IME Bank Limited (GBIME)
|Fiscal Year||Cash Dividend (%)||Bonus Share (%)||Total Dividend (%)|