Nepal Bank to Increase Directors’ Meeting Allowance
23rd December 2025, Kathmandu
Nepal Bank Limited the pioneering financial institution of the country has officially announced the date and agenda for its upcoming 66th annual general meeting. As the first commercial bank of Nepal established in nineteen thirty seven the bank continues to play a vital role in the economic landscape of the nation. The bank which was inaugurated by King Tribhuvan has transitioned through various phases of growth and modernization. Today it remains a cornerstone of the Nepalese banking sector providing comprehensive services to millions of customers across its extensive branch network. The calling of the 66th annual general meeting marks another significant milestone in the long history of this institution.
NBL Meeting Allowance Increase
According to the official notice issued by the bank the 66th annual general meeting is scheduled to take place on Tuesday Poush 30, 2082. The event will be held at the Nepal Police Club which is located in the Bhrikutimandap area of Kathmandu. The proceedings are set to begin at 11 in the morning. This gathering is a crucial event for the shareholders and the management of the bank as it provides a platform to discuss the financial health of the institution and to make strategic decisions that will guide its future operations. The choice of the Nepal Police Club as a venue is consistent with the traditional practices of the bank in hosting large scale meetings in central and accessible locations within the capital city.
One of the most notable items on the agenda for the upcoming meeting is the proposal to increase the meeting allowance and other facilities for the members of the board of directors. This decision was finalized during a board of directors meeting held on Poush seven. The management has expressed the need to revise the existing provisions related to the remuneration and allowances of the directors to ensure that they are in line with the current market standards and the increased responsibilities of the board. In a rapidly evolving financial environment the roles of directors have become more complex requiring more time and expertise. By adjusting the allowances the bank aims to attract and retain high quality leadership that can effectively navigate the challenges of the modern banking industry.
During the 66th annual general meeting the shareholders will also be presented with the annual report of the board of directors for the fiscal year 22081/82. This report provides a detailed overview of the operational and financial performance of the bank over the past twelve months. In addition to the board report the shareholders will review the report of the external auditor along with the balance sheet profit and loss account and the cash flow statement. These financial documents are essential for assessing the efficiency of the bank in managing its assets and liabilities. For the fiscal year 2081/82 Nepal Bank Limited reported a net profit of approximately three point seven seven billion Nepalese rupees. While this represents a significant headline growth much of the increase was due to the restatement of figures from the previous year.
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Despite the impressive net profit figure shareholders are eager to understand the status of dividend distributions. Recent financial reports indicate that the distributable profit for the fiscal year remains in the negative territory amounting to approximately 449 million Nepalese rupees. This negative distributable profit is primarily a result of high impairment charges and the need to set aside significant provisions for potential loan losses. Consequently it is expected that the bank will not be able to distribute any cash dividends or bonus shares to its investors this year. This situation reflects the broader challenges faced by the Nepalese banking sector where rising non performing loans and a slow economy have put pressure on the ability of many banks to share profits with their shareholders.
The meeting will also address several important administrative and regulatory matters. As per the requirements of the companies act the shareholders will appoint an external auditor for the current fiscal year 2082/83 and determine their remuneration. This appointment is a key part of ensuring transparency and accountability in the financial reporting process of the bank. Furthermore the annual general meeting will authorize the board of directors to make any necessary amendments to the memorandum of association and the articles of association. Such changes are often required to comply with new directives issued by the Nepal Rastra Bank or to reflect changes in the capital structure and governance policies of the institution.
In conclusion the 66th annual general meeting of Nepal Bank Limited represents a critical juncture for the institution. While the bank has shown resilience in its core operations and continues to maintain a massive deposit base of over three hundred thirty two billion Nepalese rupees it must also navigate a challenging environment characterized by high non performing loans and tight regulatory requirements. The proposed increase in director allowances is a move toward modernizing corporate governance while the review of the annual report will provide a clear picture of how the bank intends to address its financial hurdles in the coming year. As Nepal oldest bank prepares for its next phase of growth its stakeholders remain focused on how the leadership will balance the need for stability with the pursuit of sustainable profitability.
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