Himalayan Bank holds 22nd AGM

Himalayan Bank holds 22nd AGM

Dec. 24, 2014, 5:45 p.m. Published in Magazine Issue: Vol: 08 No. -12 December. 5- 2014 (Mansir 19, 2071)

Himalayan Bank Ltd organized its 22nd annual general meeting (AGM. The AGM endorsed distribution of 15 percent bonus shares and 6.05 percent cash dividend as proposed by the bank´s board of directors (BoD).

With the adjustment of bonus shares, the bank´s paid-up capital will reach Rs 3.33 billion, the bank said in a statement.

According to the statement, the bank mobilized deposits worth Rs 64.67 billion and distributed loans worth Rs 46.45 billion in the review period. Deposits and loans increased by 21.86 percent and 13.13 compared to last fiscal year´s figure.

The meeting also elected Surendra Silwal as a board member from public shareholders.

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