23rd Annual General Meeting of Himalayan Bank Limited


Wednesday,December 23,2015

The 23rd Annual General Meeting of Himalayan Bank Limited has been concluded today.

The AGM was chaired by the Chairman of the BOD Mr. Manoj Bahadur Shrestha. The AGM has declared 35percent bonus share and7.1053 percent cash dividend on the paid-up capital to the shareholders. After issuance of the bonus shares Bank’s paid-up capital will be Rs. 4.499 billion. The AGM also approved the proposal of issuing 7:1 right shares which is 14.28 percent of the paid up capital after issuing the above mentioned bonus share. Chairman Mr. Shrestha also informed the capital increment plan of the Bank to the meeting.

On behalf of the Board of Directors, Mr. Manoj Bahadur Shrestha, Chairman of the Bank, presented the Bank's Annual Report for the fiscal year 2014/15. Presenting the report, Chairman Mr. Shrestha stated that the Bank is continuously improving its service because of the trust of the valued customers and creative effort of the Management.

Chairman Mr. Shrestha also stated that the Bank has become one of the reliable and secured banks in the Nepalese financial sector during the period of last 23 years; and the Bank is committed to provide prompt and standard banking services.

Chairman Mr. Shrestha informed that the Bank’s total deposit reached Rs. 73.53 billion during the period under review, recording an increase of 13.70 percent over the previous year. Similarly, the loans and advances reached Rs. 55.42 billion recording an increase of 19.33 percent.

Highlighting the Bank’s various activities Chairman Mr. Shrestha stated that the Bank has aimed to open 5 new branches, install 4 additional ATMs and extend 500 additional ‘POS Terminals’ in various places of the country in current fiscal year. Further he informed about the establishment of the Bank’s Representative Office in Kuala Lumpur, Malaysia. He added, the Bank will continuously put its effort to promote remittance business.

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