HBL holds 26th AGM


KATHMANDU: Himalayan Bank Ltd (HBL) has concluded its 26th annual general meeting. The AGM was chaired by Chairman of the bank Manoj Bahadur Shrestha.

The AGM has declared five per cent bonus shares and 10.7895 per cent cash dividend on the paid-up capital to the shareholders.

After issuance of bonus shares the bank’s paid-up capital will stand at Rs 8.52 billion. On behalf of the Board of Directors, Chairman Shrestha presented the bank’s annual report for fiscal year 2017-18.

Shrestha informed that the bank’s total deposit base has reached Rs 99.74 billion during the period under review, recording a growth of 7.39 per cent over the previous year. Similarly, loans and advances reached Rs 86.84 billion recording a growth of 11.86 per cent.

He also informed that the bank will complete its 26th year of operation on January 18.

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Written by Sandeep
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