Standard Chartered holds 27th AGM

Standard Chartered Bank (SCB) Nepal conducted its 27th annual general meeting (AGM) in the capital on Tuesday.

According to a press statement issued by the bank, the bank continued to record a revenue growth during financial year 2012/13. SCB Nepal´s operating profit and net profit for the period were Rs 1.86 billion and Rs 1.22 billion respectively.

The growth in net profit was 4.2 percent in the previous year.

Similarly, the bank was also able to post a growth of 16.6 percent on its risk assets level which stood at Rs 22.83 billion during the closing of fiscal year 2012/13, said the statement.

Source: Republica