The 24th 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 declared 30percent bonus share and1.5789 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. 5.84 billion. He further informed that after the allotment of the right shares being issued in line with the decision of 23rd AGM, the paid-up capital of the Bank will be 6.49 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 2015/16. 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 reliable and secured banks in the Nepalese financial sector 24 years of service 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. 87.33 billion during the period under review, recording an increase of 18.76 percent over the previous year. Similarly, the loans and advances reached Rs. 69.10 billion recording an increase of 24.67 percent.Highlighting the Bank’s various activities Chairman Mr. Shrestha stated that the Bank has aimed to open 5 new branches, install additional ATMs and ‘POS Terminals’ in various places of the country in current fiscal year. Further he stated that the Bank will continuously put its effort to promote remittance business.