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Standard Chartered Bank holds 33rd AGM

The 33rd annual general meeting of Standard Chartered Bank Nepal Limited, in Kathmandu, on Monday, December 9, 2019.

Kathmandu, December 11

Standard Chartered Bank Nepal Limited held its 33rd annual general meeting in Kathmandu on Monday, December 9.

On the occasion, the bank informed that it recorded an operating profit and net profit of Rs 3.48 billion and Rs 2.43billion respectively for the fiscal year 2018/19. As at the close of FY 2018/19, the bank was able to post a healthy growth of 19 per cent in its risk assets over the previous year to reach Rs 56 billion.

The bank also achieved a deposit growth of over 13 percent vis-à-vis the previous fiscal year to reach Rs 76.24 billion.

Meanwhile, as proposed by the board of directors, the AGM approved payment of cash dividend of 22.50 per cent to the shareholders of the bank for fiscal year.

Jitender Arora, chairman of the bank, thanked all the investors, clients, regulators and other stakeholders for their continued support.

Standard Chartered Group holds 70.21 per cent and the general public hold 29.79 per cent shares in Standard Chartered Bank Nepal Limited.

 

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