Sindhu Bikash Bank AGM Report 2082: Key Decisions and Financial Highlights

12th April 2026, Kathmandu

Sindhu Bikash Bank Ltd, a B class financial institution licensed by Nepal Rastra Bank, has successfully conducted its 16th Annual General Meeting, revealing important financial updates and strategic decisions for the fiscal year 2081/82.

Sindhu Bikash Bank AGM

The AGM serves as a critical platform for shareholders to review performance, approve financial statements, and shape the future direction of the bank in April 2026.

This gathering of stakeholders underscores the commitment of the bank to transparency and long term growth within the competitive Nepalese financial landscape. By addressing both past performance and future strategies, the leadership aims to bolster investor confidence and streamline operations for the years 2082 and 2083.

AGM Overview

The 16th AGM of Sindhu Bikash Bank was held on Falgun 29, 2082 (March 13, 2026), at Arniko Party Palace, Banepa, Kavrepalanchok. The meeting was chaired by Mr Damodar Prasad Subedi, Chairman of the Board of Directors.

Initially, the AGM scheduled earlier was postponed due to a lack of quorum. However, it was later reconvened with proper notice and successfully completed with the required shareholder participation, making it legally valid as per the Company Act 2063. This adherence to legal protocols ensures that all resolutions passed during the session hold full corporate authority.

Key AGM Decisions

The AGM concluded with several important resolutions unanimously passed by the shareholders. These decisions are aimed at strengthening the internal governance and external market position of the bank.

1. Approval of Annual Report

The annual report for the fiscal year 2081/82, presented by the Chairman on behalf of the Board, was discussed and approved. This includes a comprehensive overview of the operations, achievements, and financial standing of the bank during a period of evolving economic conditions in Nepal.

2. Approval of Financial Statements

The audited financial statements were reviewed and approved by the shareholders. This package included the balance sheet, the profit and loss account, and the cash flow statement. Approval by the shareholders ensures that the reported figures are accepted as an accurate representation of the financial health of the bank, fostering transparency and accountability.

3. Appointment of External Auditor

P and B Associates, Chartered Accountants, Kathmandu, was appointed as the external auditor for the fiscal year 2082/83. The decision was based on their extensive experience, cost efficiency, and the availability of resources to conduct a thorough audit of the bank’s growing regional network.

4. Election of Board Directors

Three board members representing public shareholders were elected unopposed to strengthen the leadership. The elected members are:

• Sunil Man Shakya
• Basanta Kumar Katwal
• Samir Kakshapati

They will serve for a four year term, providing a stable governance structure as the bank navigates its expansion phase.

5. Merger and Acquisition Authority

One of the most significant decisions was granting full authority to the Board of Directors to explore merger or acquisition opportunities with other financial institutions. This mandate includes:

• Conducting due diligence audits (DDA)
• Signing Memorandums of Understanding (MoU)

Completing necessary regulatory processes with Nepal Rastra Bank
This move indicates a clear intention to expand and strengthen the market position of the bank through consolidation.

Financial Performance Highlights

The financial statements presented at the AGM reflect a mixed but generally improving performance across several key sectors.

Asset Position

The total assets of the bank have reached approximately NPR 6.4 billion, indicating steady growth in its financial base. Key components contributing to this figure include loans and advances, investment securities, and cash reserves. This growth suggests an increasing capacity to provide credit to the productive sectors of the economy.

Deposits and Liabilities

Customer deposits remain the primary source of funding for the bank, totaling around NPR 5.68 billion. The bank has successfully maintained a stable liability structure, which supports its lending operations and ensures it can meet the withdrawal needs of its depositors.

Profitability

Sindhu Bikash Bank reported a net profit of approximately NPR 177 million. This shows a significant improvement compared to the previous fiscal year, reflecting better operational efficiency and more robust income generation from its core banking activities.

Cash Flow

The bank generated positive cash flow from operating activities, which is a strong indicator of core business performance. However, investing activities showed cash outflows, primarily due to the expansion of physical assets and the purchase of long term investment securities intended to diversify the income stream.

Key Financial Indicators

The following performance metrics provide a deeper look into the stability of the bank:

• Earnings per share (EPS): Approximately NPR 31.76
• Capital adequacy ratio: Around 13.07 percent
• Non performing loan (NPL): Around 6.08 percent
• Net profit to total assets: Showing an improving trend

These indicators suggest that while the bank is strengthening its financial health, it must remain vigilant in managing risk, particularly regarding the NPL ratio.

What This Means for Investors

The outcomes of the AGM provide several valuable insights for both current shareholders and potential investors. The focus on mergers and acquisitions signals that the bank is looking for rapid growth and increased market share. The significant rise in net profit highlights that the current management is successfully implementing operational improvements. Furthermore, the election of experienced board members and the authorization for expansion strategies indicate that the bank has a clear and strong governance roadmap.

Future Outlook

Sindhu Bikash Bank is expected to focus on growth through consolidation, digital banking improvements, and enhanced customer services in the 2082/83 period. The merger strategy, if executed successfully, could significantly boost its competitiveness within the banking sector of Nepal. However, the management will need to balance this growth with a focus on reducing non performing loans and maintaining strict regulatory compliance to ensure long term sustainability.

Conclusion

The 16th AGM of Sindhu Bikash Bank Ltd marks an important milestone, combining financial transparency with forward looking strategic decisions. With improved profitability, strong asset growth, and active plans for expansion through mergers, the bank is positioning itself for a stronger future. For investors and stakeholders, the AGM report offers a clear picture of the current standing of the bank and its roadmap ahead, making it an essential update in the financial landscape of the country.

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