Siddhartha Bank holds 13th AGM

KATHMANDU, Nov 9 :

Siddhartha Bank Ltd is giving 12 percent bonus shares and 11.16 percent cash dividend to its shareholders.

The 13th Annual General Meeting (AGM) of the bank held on Sunday approved the dividend distribution proposed by the bank´s board of directors (BoD).

 The bank recorded a growth of 45.17 percent in its net profit, amounting Rs 700 million, registering a deposit portfolio of Rs 35.41 billion and a total loan portfolio of Rs 27.98 billion in the fiscal year 2013/14, a statement issued on Sunday said.

Siddhartha Bank has been providing various banking services through its 46 branches, 57 ATMs and 49 branchless banking locations with plans of further expansion in the future.

Source: Republica