6th January 2024, Kathmandu
Nepal SBI Bank Limited successfully conducted its 31st Annual General Meeting today at Tribhuvan Army Officers’ Club, Bhadrakali, Kathmandu.
Nepal SBI Bank’s 31st AGM
The AGM approved the Report of the Board of Directors of the Bank for FY 2080/81 (2023-24) and Audited Annual Financial Statements of the Bank for FY 2080/81 (2023-24) (Statement of Financial Position as of Ashad end 2081, Statement of Profit or Loss for FY 2080/81, Statement of Cash Flow of such period and all the related schedules) accompanying with Auditor’s Report. The meeting also approved the Consolidated Financial Statements of the Bank including the Audited Financial Statements of the Bank’s subsidiary i.e. Nepal SBI Merchant Banking Limited for FY 2080/81 (2023-24).
The meeting resolved to approve the distribution of a Dividend @ 10.65% of paid-up capital (Bonus Shares @ 3.80% and Cash Dividend @ 6.85% including applicable tax for bonus shares and cash dividends) to its shareholders.
The meeting has appointed M/s PKF T R Upadhya & Co., Chartered Accountants as Statutory Auditor of the Bank for the FY 2081/82 (2024-25) and fixed their fees. The meeting has also approved amendments proposed under various Memorandum of Association and Articles of Association of the Bank clauses.
The meeting has also approved the resolution to authorize the Board of Directors to enter into necessary MOU/ Agreement for merger with or to acquire other suitable Bank and Financial institutions and perform all essential functions required for merger/acquisition.
The meeting has also approved/ adopted other resolutions as proposed.
For more: Nepal SBI Bank’s 31st AGM
