Nepal SBI Bank holds 25th AGM

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Nepal SBI Bank holds 25th AGM

January 16: Nepal SBI Bank Limited recorded operating profit of Rs 2761.7 million and net profit of Rs 2023.5 million during the fiscal year 2017/18. The revelation was made during the 25th Annual General Meeting of the bank held in Kathmandu on January 14.

The AGM also approved the director’s report, annual financial statements (statement of financial position, statements of profit or loss, statement of comprehensive income, statement of cash flow) for the FY 2017/18, reads a statement issued by the bank.

The meeting also approved distribution of 5 percent bonus shares and 10.79 percent cash dividend to its shareholders.

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