Sindhu Bikash Bank AGM notice for 16th annual meeting
5th February 2026, Kathmandu
Sindhu Bikash Bank Limited has officially announced its 16th Annual General Meeting (AGM) following a decision by the board of directors on Magh 21, 2082.
Sindhu Bikash Bank AGM
The meeting is a vital platform for shareholders to review the bank’s financial health and vote on critical strategic proposals, including a mandate for potential mergers and acquisitions. This announcement comes after the bank reported a significant surge in net profit during the 2081/82 fiscal period, largely driven by the reversal of impairment charges.
AGM Schedule and Location
The 16th AGM is scheduled to take place during the third week of Falgun 2082.
Date: Falgun 15, 2082 (February 27, 2026)
Time: 11:00 AM
Venue: Hotel Sarathi, Dhulikhel, Kavrepalanchok
Shareholders are required to present their identity documents for verification before the meeting commences.
Book Closure and Eligibility
To determine the list of shareholders eligible to attend the AGM and participate in the voting process, the bank has announced a specific book closure date.
Book Closure Date: Falgun 1, 2082 (February 13, 2026)
Eligibility: Only shareholders maintained in the bank’s records before the book closure date are entitled to attend the 16th AGM.
Ordinary Agendas: Financial and Administrative Review
The ordinary agendas of the meeting focus on the formal approval of the bank’s previous year’s performance and the appointment of key officials.
Approval of Financial Reports: Review and endorsement of the balance sheet, profit and loss statement, and cash flow reports for the fiscal year 2081/82.
Chairman’s Annual Report: Discussion on the comprehensive report presented by the Board of Directors regarding the bank’s operational milestones and challenges.
Auditor Appointment: Appointment of an external auditor for the fiscal year 2082/83 and the determination of their remuneration.
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Election of Directors: Election of three directors representing the general shareholders to the bank’s board.
Special Proposal: Merger and Acquisition Mandate
A significant focus of this AGM is a special proposal to authorize the board of directors to explore and execute consolidation opportunities. As the regional level development bank aims to upgrade its status or strengthen its capital base, the mandate includes:
Identifying suitable partner banks or financial institutions for a merger or acquisition.
Conducting Due Diligence Audits (DDA) to assess the financial value of potential partners.
Negotiating and signing Memorandums of Understanding (MoU).
Completing all necessary legal and regulatory formalities as required by Nepal Rastra Bank and the Companies Act.
Financial Performance Summary
The bank enters the 16th AGM following a strong financial year. In the fourth quarter of FY 2081/82, Sindhu Bikash Bank reported:
Net Profit: 117.8 million rupees (a 287.6% increase compared to 30.4 million rupees in the previous year).
Annualized Earnings Per Share (EPS): 21.15 rupees.
Net Worth Per Share: 86.70 rupees.
Non-Performing Loan (NPL) Ratio: Improved significantly, decreasing to 1.09% from 2.76%.
Despite a decline in net interest income, the bank’s profitability was bolstered by a reversal of impairment charges totaling 179 million rupees, indicating successful loan recovery efforts.
Conclusion
The 16th AGM of Sindhu Bikash Bank on Falgun 15, 2082, represents a pivotal moment for the institution. With a clear focus on merger and acquisition authority, the bank is positioning itself for a strategic shift in Nepal’s competitive financial landscape. Shareholders have the opportunity to directly influence these major transitions while reviewing a year of remarkable profit recovery and asset quality improvement.
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