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Financial Statement for the FY 2068/69 approved by the board; 12.5% bonus shares and 5% cash dividend declared

The Bank's Board in its 346th meeting held on 5th September 2012 approved Profit and Loss Appropriation Accounts along with complete Financial Statements for the FY 2068/69 (2011/12). During the year the Bank has been able to record an operating profit before provision for possible losses of Rs. 751,656,565.00 and net profit of Rs. 480,105,493.00. The meeting has further decided to recommend distribution of 12.5 bonus shares for every 100 shares held and Cash Dividend of 5% in Paid-up Capital to the Shareholders in the to the upcoming 19th Annual General Meeting of the Bank.The Board has decided to submit the Financial Statements to Nepal Rastra Bank (NRB) for their approval to recommend the same to the upcoming 19th Annual General Meeting of the Bank.

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Nepal SBI Bank successfully convene 18th AGM

The Bank's 18th Annual General Meeting held on November 26, 2011 approved Profit and Loss Appropriation Accounts along with complete Financial Statements for the FY 2067/68 (2010/11). The meeting has further approved to distribute 12.5% bonus shares for every 100 shares held out of the profit earned during FY 2010/11(2067/68) and the balance available in the Capital Adjustment Reserve.

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