Shangrila Development Bank Concludes 21st AGM, Approves 10.36% Dividend

Shangrila Development Bank Limited (SADBL) held its 21st Annual General Meeting on 7th Poush, 2082, in Kathmandu. The AGM approved a total dividend of 10.3583%, comprising 5.3583% cash dividend and 5% bonus shares, raising the bank’s paid-up capital to NPR 3.734 billion.

The meeting also approved the appointment of auditors, the amendment of the memorandum, and proposals related to mergers and acquisitions. With 109 branches and 30 ATMs nationwide, SADBL continues to prioritize corporate governance, risk management, and internal controls while committing to expanding its services further.