The 25th 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 25percent bonus share and1.3158 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. 8.11 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 2016/17. 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 and the Bank will successfully complete its 25 years on 18th January 2018.
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 25 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. 92.88 billion during the period under review, recording a growth of 6.35 percent over the previous year. Similarly, the loans and advances reached Rs. 77.64 billion recording a growth of 12.36 percent.
Highlighting the Bank’s various activities Chairman Mr. Shrestha stated that the Bank has aimed to open 6 new branches as well as some rural branches as per the planning of Nepal Government to open branches in local level. He added that the Bank will install additional ATMs in various parts of the country in current fiscal year. Further he stated that the Bank will continuously put its effort to make products and services of the Bank relevantly qualitative and attractive.