Nepal SBI Bank conducted 24th AGM; approved 15.42% bonus shares and 0.81% Cash Dividend
Thu, Jan 4, 2018 11:47 AM on Latest, Featured, AGM/Special AGM, Stock Market,
Nepal SBI Bank Limited (SBI) has successfully conducted its 24th Annual General Meeting (AGM) yesterday at Tribhuvan Army Officers' Club, Bhadrakali, Kathmandu. The AGM approved the Annual Report, Profit and Loss 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 has also 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.
The meeting has appointed Statutory Auditors M/s T.R. Upadhayay & Co., Chartered Accountants for the FY2074/75(2017/18) and ratified their fees.
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 has also 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.
The meeting has appointed Statutory Auditors M/s T.R. Upadhayay & Co., Chartered Accountants for the FY2074/75(2017/18) and ratified their fees.
