Himalayan Bank Concluded 20th AGM

The 20th Annual General Meeting of Himalayan Bank Limited was concluded recently.

Jan. 15, 2013, 5:45 p.m. Published in Magazine Issue: Vol: 06 No. -14 Jan 11- 2012

On behalf of the Board of Directors, Manoj Bahadur Shrestha, Chairman of the Bank, presented the Bank's Annual Report for the fiscal year 2011/12. Presenting the report, Chairman Shrestha stated with satisfaction that during the period under review, the Bank was able to carry on its activities and operations satisfactorily and the Bank has established its identity as a pioneer bank in the financial sector of the country.

Chairman Shrestha highlighted in the meeting that the Bank’s total deposit reached Rs. 47.73 billion during the period under review, recording an increase of 16.64 percent over the deposit of the previous year. Similarly, the loans and advances reached Rs. 35.96 billion during the period under review, recording an increase of 9.10 percent. The Bank has been able to earn an operating profit of Rs.1,057.056 million during the review period. Net profit of the Bank reached Rs. 958.638 million. The AGM has declared 15percent bonus share and13.421 percent cash dividend on the paid-up capital to the shareholders. After issuance of the bonus shares from the profit of fiscal year 2011/12, Bank’s paid-up capital will be Rs. 2.76 billion.

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