The 26th 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 5percent bonus share and10.7895 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. 8.52 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 2017/18. 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. Similarly, he stated that the Bank will successfully complete its 26th years on 18th January 2019.
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 26 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. 99.74 billion during the period under review, recording a growth of 7.39 percent over the previous year. Similarly, the loans and advances reached Rs. 86.84 billion recording a growth of 11.86 percent.
On the AGM, Mr. Ramesh Sapkota, election officer, has declared that Mr. Bijaya Bahadur Shrestha has been elected on the post of Director representing Public Shareholder. Highlighting the Bank’s various activities Chairman Mr. Shrestha stated that the Bank has aimed to open 6 new branches. 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.