Thursday, January 2, 2014

Siddhartha Bank announces book closure from today

Kathmandu, Jan 2


Siddhartha Bank Limited has announced book closure from today for its 12th Annual General Meeting slated for January 28.


The AGM to be held at Trade Tower at Thapathali in Kathmandu is due to endorse 22 percent dividend, including 12 percent bonus shares pledged by the commercial bank to the shareholders from the net profit the bank posted in the current fiscal year 2069/70.

Siddhartha Bank had reported 49.43 percent growth in profit in
the last fiscal year. 

The bank earned a profit of Rs 49.04 crore in the FY 2069/70 as against Rs 33.04 crore in the last fiscal.

The bank’s deposits increased to Rs 28.39 arba, a mere 9.42 percent rise over Rs 25.94 arba reported in the previous fiscal. Loans and advances, however, grew 14.82 percent to Rs 23.11 arba.

The bank’s EPS stands at Rs 30.29 and net worth at Rs 165.12.

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