Kathmandu, November 17 : Sanima Bank Limited has successfully concluded its 16th Annual General Meeting (AGM).
Due to the Covid-19 pandemic, there are restrictions currently imposed on the mass gathering at event. Hence, limited numbers of shareholders were physically present in the meeting held on November 13. However for the maximum participation of shareholders, the meeting was also conducted virtually.
Under the chairmanship of Mr. Binaya Kumar Shrestha, the AGM approved to provide 10% bonus share and 3.60% cash dividend.
In the FY 2019/20, Sanima earned the net profit of Rs 1.78 billion. Similarly, its total deposits increased by 19.30 percent to Rs 110.10 billion, loans and advances surged by 12.29 percent to Rs 93.69 billion and total assets rose by 15.81 percent to Rs 126.21 billion in the last fiscal year.
As of mid-July, 2020, the non-performing loan, capital fund to RWA, net liquidity and credit deposit ratio stood at 0.45 percent, 13 percent, 24.01 percent and74.72 percent respectively.
Sanima Bank is providing banking services from 83 full-fledged branches, 16 extension counters and 81 ATM networks across all 7 provinces.
