Jyoti Bikash Bank AGM Notice Issued
20th February 2026, Kathmandu
The national level development banking sector in Nepal is currently navigating a period of financial consolidation and transparency as Jyoti Bikash Bank Limited (JBBL) officially announces its 17th Annual General Meeting (AGM). On February 20, 2026 (Falgun 8, 2082), the bank issued a formal public notice calling upon its shareholders to gather on March 12, 2026 (Falgun 28, 2082), at the Tribhuwan Army Officers Club in Bhadrakali, Kathmandu. This meeting is a vital statutory requirement under the Companies Act and the Banking and Financial Institutions Act (BAFIA) of Nepal. The agenda for this year focuses heavily on the approval of audited financial statements and the long term strategic direction of the bank, particularly following a fiscal year that has seen significant shifts in the country’s macroeconomic environment and banking liquidity.
Jyoti Bikash Bank AGM
A primary concern for investors during this AGM cycle is the status of dividend distribution. In its official notice, Jyoti Bikash Bank has clarified that the Board of Directors has not proposed any dividend—neither in the form of bonus shares nor cash—for the fiscal year 2081/82. This decision to skip dividends is likely a strategic move to strengthen the bank’s core capital and maintain a robust Capital Adequacy Ratio (CAR) in line with Nepal Rastra Bank’s latest stringent directives. By retaining its earnings, the bank aims to build a more resilient financial buffer to support future credit expansion and manage potential non performing loans (NPLs) that have surfaced across the development banking industry. For shareholders, this means the focus of the meeting will shift from immediate profit sharing to the long term sustainability and governance of the institution.
To facilitate the meeting, the bank has announced a book closure date of Falgun 14, 2082. According to the standard regulations of the Nepal Stock Exchange (NEPSE) and CDS and Clearing Limited, only those shareholders whose names are registered in the company’s books by the end of business on Falgun 13, 2082, will be eligible to participate in the AGM. This book closure period is essential for the bank’s share registrar—Jyoti Capital Limited—to finalize the list of voters and ensure that the voting rights exercised during the meeting are accurate. Investors who purchased shares after Falgun 13 will not be entitled to attend this specific meeting, although they will hold full ownership and voting rights for all subsequent corporate actions.
The first major proposal on the agenda is the discussion and approval of the Board of Directors’ Annual Report for the fiscal year 2081/82. This report provides a comprehensive overview of the bank’s operational milestones, its branch expansion strategy, and its digital transformation journey. Jyoti Bikash Bank has been a leader among development banks in promoting digital banking solutions through its Jyoti Smart mobile app. The annual report will detail how these investments have impacted the bank’s cost to income ratio and its ability to serve customers in remote districts. Shareholder approval of this report signifies their trust in the current management’s ability to navigate the bank through the current economic challenges.
Advertisement
The second and third proposals involve the approval of the financial statements, both for the bank as a standalone entity and on a consolidated basis. The consolidated financial statements are particularly important as they include the performance of the bank’s subsidiary, Jyoti Capital Limited. As a merchant banker, Jyoti Capital provides issue management, portfolio management, and share registrar services. Reviewing the consolidated performance allows shareholders to see the total value of the group and how the subsidiary contributes to the parent bank’s non interest income. The financial disclosures will include the Profit and Loss statement, the Cash Flow statement, and the Auditor’s Report, providing a transparent look at the bank’s assets, liabilities, and equity as of the end of Ashadh 2082.
The fourth major proposal is the appointment of an external auditor for the upcoming fiscal year 2082/83 and the determination of their remuneration. This is a critical governance function that ensures the independence and integrity of the bank’s financial reporting. The Audit Committee of the bank recommends a firm based on their expertise in the banking sector, and the shareholders exercise their power to finalize this appointment. This process is overseen by Nepal Rastra Bank to ensure that the auditors maintain the highest standards of professional skepticism and accuracy, which is vital for maintaining public trust in the development banking system.
In conclusion, the Jyoti Bikash Bank AGM for the year 2082 is an important event for maintaining corporate discipline and regulatory compliance. While the lack of a dividend may be disappointing to some short term investors, the bank’s focus on capital preservation and consolidated financial health is a positive sign of prudent management. As the shareholders gather in Kathmandu on Falgun 28, the discussions will likely revolve around how the bank plans to improve its asset quality and competitive edge in a crowded financial market. By participating actively in this meeting, shareholders can play their part in the democratic governance of the institution and help shape the future of one of Nepal’s premier development banks.
For More: Jyoti Bikash Bank AGM
