Himalayan Bank Annual General Meeting Approves Key Resolutions
18th January 2026, Kathmandu
Himalayan Bank Limited has successfully concluded its 33rd Annual General Meeting (AGM) under the chairmanship of Prachanda Bahadur Shrestha, Chairman of the Bank’s Board of Directors. The meeting, held on Wednesday, January 14, 2026 (Poush 30, 2082), at the Nepal Army Officer’s Club in Bhadrakali, Kathmandu, marked an important milestone in the bank’s governance process. Shareholders reviewed the bank’s performance, approved key financial documents, and endorsed strategic resolutions in line with current Nepal Rastra Bank (NRB) requirements.
Himalayan Bank AGM
During the Himalayan Bank annual meeting, shareholders unanimously approved the consolidated financial statements for the fiscal year 2081/82. These statements include the financial performance of Himalayan Bank as well as its subsidiary companies, namely Himalayan Capital Limited, Himalayan Securities Limited, and Himalayan Laghubitta Bittiya Sanstha Limited. The approval of the integrated financial report reflects high transparency in reporting and provides stakeholders with a comprehensive overview of the bank’s financial health and group-level performance.
Annual Report and Financial Oversight
Addressing the meeting on behalf of the Board of Directors, Chairman Prachanda Bahadur Shrestha presented the Annual Report for Fiscal Year 2081/82. In his presentation, the Chairman highlighted the bank’s operational progress, financial stability, and strict compliance with national regulatory frameworks. The report provided essential insights into the bank’s strategic priorities, risk management practices, and its overall contribution to Nepal’s banking sector following its landmark merger with Civil Bank.
The Himalayan Bank annual meeting also approved a critical resolution related to statutory compliance. In accordance with Section 111 of the Companies Act, 2063, the meeting endorsed the reappointment of CA Ranjeev and Associates as the external auditor for the upcoming Fiscal Year 2082/83. The reappointment reflects strong shareholder confidence in the auditor’s professionalism, independence, and competence in maintaining the bank’s high standards of financial accountability and audit quality.
Board Restructuring and Capital Alignment
Another key agenda item discussed and approved during the meeting was related to corporate governance and board restructuring. In line with recent directives issued by the regulatory authorities, shareholders granted authority to the Board of Directors to undertake necessary actions to revise the composition of the board. This revision is intended to align the board structure with the bank’s current shareholding ratio, which currently stands at a 70:30 split between promoter and ordinary shareholders.
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This decision underscores the bank’s commitment to aligning its governance framework with evolving regulatory expectations and best practices in corporate oversight. The approval of this proposal allows the Board the flexibility to implement governance reforms efficiently, ensuring that Himalayan Bank continues to meet NRB standards while strengthening institutional stability. Such measures are considered essential for maintaining stakeholder trust, improving decision-making processes, and supporting sustainable growth in a post-merger environment.
Strategic Priorities and Market Position
Himalayan Bank Limited has long been recognized as a key player in Nepal’s banking sector, known for its prudent financial management and customer-centric services. The successful conclusion of the 33rd AGM reflects the bank’s adherence to its statutory obligations and its proactive approach to strengthening its internal structures. With a network of over 170 branches and a growing digital presence, the bank is focusing on leveraging its expanded capital base to drive innovation in retail and corporate lending.
In an increasingly regulated and competitive banking environment, the decisions taken at the Himalayan Bank annual meeting highlight the institution’s readiness to adapt to market changes. The emphasis on consolidated financial reporting and board restructuring positions the bank to navigate the challenges of the 2082/83 fiscal year effectively. Management remains focused on improving the non-performing loan (NPL) ratio and enhancing the return on equity (ROE) for its diverse group of shareholders.
Conclusion
In conclusion, the Himalayan Bank annual meeting for the 33rd session represents a successful alignment of shareholder interests and regulatory compliance. By approving the financial statements, auditor appointment, and governance reforms, shareholders reaffirmed their confidence in the bank’s leadership under Prachanda Bahadur Shrestha and its long-term strategic direction. As the bank enters the new fiscal year, it remains committed to transparency, accountability, and sustainable development within Nepal’s financial system.
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