Nepal SBI Bank 27th AGM Approves Distribution of Dividend

Nepal SBI Bank
Share It On:

12 Janaury 2021, Kathmandu

Nepal SBI Bank Limited successfully conducted its 27th Annual General Meeting today at Tribhuvan Army Officers’ Club, Bhadrakali, and Kathmandu. The AGM approved the Director’s Report, Annual Financial Statements (Statement of Financial Position, Statements of Profit or Loss, Statement of Comprehensive Income, Statement of Cash Flow, and all the related schedules and notes to the Annual Report) for FY 2076/77 (2019/21).

The meeting resolved to approve Dividend @ 9.47% (Bonus Shares @ 6% and Cash Dividend @ 3.47%) to its shareholders.

The meeting also approved the Consolidated Balance Sheet of the Bank, including the Audited Financial Statements of the Bank’s subsidiary, i.e., Nepal SBI Merchant Banking Limited, for FY 2076/77 (2019/21).

The meeting has appointed Statutory Auditors M/s SAR Associates, Chartered Accountants for the FY 2077/78(2020/21) and ratified their fees. The meeting has also approved amendments proposed under various Clauses/Articles of Memorandum and Articles of Association of the Bank.

The meeting has also approved the resolution to Authorize the Board of Directors to enter into necessary MOU/Agreement for the merger with or to acquire other suitable Bank and Financial Institution and perform all necessary functions required for merger/acquisition.


Share It On:

Recent Posts

Citizens Bank 11.11 Deals: Exclusive Discounts on Daraz

Citizens Bank 11.11 Deals: Exclusive Discounts on Daraz

Share It On:5th November 2024, Kathmandu Citizens Bank International Limited signed an agreement with Nepal’s leading online marketplace, Daraz, to

Local Talent Shines in Cybersecurity: Bipu Ojha and Tuan Khuat Win CDU IT CodeFair CTF

Local Talent Shines in Cybersecurity: Bipu Ojha and Tuan Khuat

Share It On:5th November 2024, Kathmandu Bipu Ojha and his teammate Tuan Khuat have emerged as winners in the prestigious

CEDB Hydropower’s Extraordinary General Meeting Concluded: Five Directors Elected

CEDB Hydropower’s Extraordinary General Meeting Concluded: Five Directors Elected

Share It On: 5th November 2024, Kathmandu CEDB Hydropower Development Company Limited has successfully concluded its extraordinary general meeting. CEDB

Government’s Journalist Accident Insurance Program: Apply Now For Your Protection

Government’s Journalist Accident Insurance Program: Apply Now For Your Protection

Share It On: 5th November, Kathmandu The Department of Information and Broadcasting has announced the launch of a new insurance

Nepal Life’s Property Acquisition in Hetauda: A Strategic Move For Growth

Nepal Life’s Property Acquisition in Hetauda: A Strategic Move For

Share It On:5th November, Kathmandu Nepal Life Insurance, a leading life insurance company in Nepal, has recently expanded its footprint

Global IME Dividend Announcement: Key Book Closure Date Revealed

Global IME Dividend Announcement: Key Book Closure Date Revealed

Share It On:5th November 2024, Kathmandu Global IME Bank has good news for its shareholders! The bank has announced a