AGM Approval for Bonus Share of Nepal SBI Bank Ltd.

  Nepal SBI Bank Limited successfully holds its 24th Annual General Meeting on 3rd January 2018 at Tribhuvan Army Officers-- Club, Bhadrakali, Kathmandu. The AGM approved the Directors Report, Profit and Loss Appropriation Account along with Annual Financial Statements for FY 2073/74. During the year the Bank has been able to record an operating profit of Rs.233.99 Crore and net profit of Rs.152.32 Crore. The meeting resolved to approve distribution of Bonus Shares @15.42% and Cash Dividend @0.81% to its shareholders. The meeting elected Mr. Bala Krishna Shrestha as a Director unopposed, representing the general public shareholders. The meeting approved the Consolidated Balance Sheet of the Bank including the Audited Financial Statements of the Bank--s subsidiary i.e. Nepal SBI Merchant Banking Limited for FY 2073/74 (2016-17). The meeting has appointed Statutory Auditors M/s T.R. Upadhayay & Co., Chartered Accountants for the FY2074/75(2017/18) and ratified their fees.