The 27th Annual General Meeting of Himalayan Bank Limited has been concluded today.
The AGM was chaired by the Chairman of the BOD Mr. Manoj Bahadur Shrestha. The AGM has decided to provide 10 percent bonus share and 12 percent cash dividend on the paid-up capital to the shareholders. After issuance of the bonus shares Bank’s paid-up capital will be Rs. 9.372 billion.
On behalf of the Board of Directors, Mr. Manoj Bahadur Shrestha, Chairman of the Bank, presented the Bank's Annual Report for the fiscal year 2018/19. Presenting the report, Chairman Mr. Shrestha stated that the Bank is continuously improving its service because of the trust of the valued customers and creative effort of the Management.
Chairman Mr. Shrestha also stated that the Bank has become one of the leading, reliable and secured banks in Nepalese financial sector during the period of last 27 years; and the Bank is committed to provide prompt and standard banking services.
Chairman Mr. Shrestha informed that the Bank’s total deposit base reached Rs. 113.09 billion during the period under review, recording a growth of 13.38 percent over the previous year. Similarly, the loans and advances reached Rs. 98.21 billion recording a growth of 13.08 percent.
On the AGM, Mr. Ramesh Sapkota, election officer, has declared that Mr. Prachanda Bahadur Shrestha, Mr. Faisal N. Lalani, Mr. Tulasi Prasad Gautam, Mr. Sunil Bahadur Thapa and Mr. Ashish Sharma have been elected unopposed on the post of Director representing Promoter Shareholders.
Congratulating the newly elected/nominated Directors, Mr. Shrestha highlighted various activities of the Bank. He further added that the Bank has aimed to open at least 12 new branches in current fiscal year. Further he stated that the Bank will continuously put its effort to make products and services of the Bank qualitative and attractive.