ICFC Finance Concludes 22nd Annual General Meeting; Dividend Proposal Approved
16th December 2025, Kathmandu
ICFC Finance Limited, a prominent national-level Class C financial institution in Nepal, has successfully concluded its 22nd Annual General Meeting (AGM). The meeting, which was held on Monday, December 15, 2025, in Kathmandu, served as a platform for the company to report its financial progress and secure shareholder approval for its latest profit-sharing plan. The gathering took place at Bouddha Heritage in Bouddha Pipalbot, attracting a significant number of investors and stakeholders interested in the institutions future strategic direction.
ICFC Finance Concludes AGM
The successful completion of the AGM marks another year of operational stability for the finance company, which has been active in the Nepalese financial sector for over two decades. The board of directors presented a comprehensive review of the fiscal year, highlighting the challenges overcome in a volatile economic environment and the milestones achieved in customer service and digital transformation.
Dividend Approval and Financial Growth
The most significant highlight of the 22nd AGM was the unanimous approval of the dividend distribution proposal for the Fiscal Year 2024/25.
Cash Dividend Details: Shareholders officially approved the distribution of a cash dividend of 15.78955 percent. This percentage includes the amount required for applicable dividend taxes, ensuring a smooth and compliant payout process for all registered investors.
Capital and Payout Volume: ICFC Finance currently maintains a robust paid-up capital of 1.18 billion Nepalese Rupees. Based on this capital base, the approved cash dividend reflects the company’s ability to generate consistent returns for its owners while maintaining sufficient internal reserves to meet regulatory capital adequacy requirements.
Historical Context: This years payout represents a notable increase compared to the previous fiscal years distribution, signaling a recovery in profitability and a strong commitment to rewarding the patience and loyalty of its long-term shareholders.
The institution has demonstrated steady growth in its core financial operations. As of the end of the first quarter of the current fiscal year (ending Ashoj 2082), ICFC Finance reported that it has successfully collected deposits totaling 21.44 billion Nepalese Rupees. On the lending side, the company has disbursed loans and advances amounting to 17.73 billion Nepalese Rupees. These figures highlight the institutions role in mobilizing local savings and channeling them into productive sectors of the economy, particularly for small and medium enterprises.
Advertisement
Governance, Auditing, and Leadership
The 22nd AGM also addressed several key governance and administrative agendas required for the upcoming fiscal year.
Statutory Auditor Appointment: The assembly approved the appointment of SRS Associates, Chartered Accountants, to serve as the statutory auditor for the Fiscal Year 2025/26. The meeting also determined the remuneration for the auditing firm, ensuring that the institutions financial reporting remains transparent and adheres to the highest accounting standards.
Leadership and Strategy: Under the leadership of Chief Executive Officer Mr. Sunil Pant, who was reappointed in 2022 due to his extensive experience spanning over three decades, the company has focused on risk-managed growth. The management team, supported by Deputy CEO Mr. Amit Shrestha, continues to emphasize the importance of maintaining asset quality and managing the cost of funds in a competitive market.
Service Network: ICFC Finance continues to provide modern banking and financial services to a customer base of more than 100,000 individuals. This is made possible through its network of 21 branch offices spread across the country, as well as its growing digital banking suite which includes mobile and internet banking services.
Strategic Outlook and Community Impact
The management used the AGM to outline its vision for the near future, which includes a heavy focus on digital integration and customer-centric products. With the base rate showing a downward trend—recently recorded at 7.67 percent in Ashoj 2082—the institution aims to offer more competitive interest rates on loans to stimulate credit demand among its core target audience of small businesses and individual borrowers.
Furthermore, the meeting highlighted the company’s commitment to Corporate Social Responsibility (CSR), including its recent support for traffic awareness and educational scholarships. By balancing its financial goals with community welfare, ICFC Finance aims to build a sustainable and trusted brand in the Nepalese finance sector.
The conclusion of the 22nd AGM provides a clear roadmap for the institution as it navigates the rest of the 2025/26 fiscal year. Shareholders expressed their support for the current management and the approved dividend, reinforcing the company’s position as a stable and reliable Class C financial institution.
For More: ICFC Finance Concludes AGM
