Kumari Bank Limited

12th Annual General Meeting

Feb. 10, 2013, 5:45 p.m.

The 12th Annual General Meeting (AGM) of Kumari Bank Limited held on Thursday, 7th February 2013 at Rashtriya Sabha Griha approved 7 percent cash dividend to its shareholders as proposed by the Board of Directors. In addition, the meeting unanimously elected Dr. Shova Kanta Dhakal and Mr. Rasendra Bahadur Malla as the directors from the general shareholders. Recently, Mr. Noor Pratap J.B. Rana has been positioned as the Chairman of the bank who in the past had shouldered the chairmanship of the bank for a long time.

While talking about the overall progress of the bank, Mr. Rana stated that the bank has been able to increase its deposit portfolio by 29 percent totaling 21.98 billion and loan portfolio by 21 percent totaling 18.10 billion in the Fiscal Year 2068/69. The Net Profit increased by 9.66 percent compared to last FY. The data till end of Poush in the current FY reveals that the bank is able to collect 23 billion deposits and sanction 19 billion loan which is a growth by 17% and 15% compared to the figures of same period last FY.    

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