SCNBL holds its 36th AGM

SCNBL holds its 36th AGM

 

KATHMANDU, DECEMBER 12: The 36th Annual General Meeting (AGM) of Standard Chartered Bank Nepal Limited (SCBNL), chaired by. Zarin Daruwala, Chairperson of the Bank, was held yesterday at Bhadrakali in the capital. .


The SCBNL recorded the Operating Profit and Net Profit of NPR 3.24 billion and NPR 2.26 billion respectively for the Financial Year 2021/22. At the close of FY 2021/22, it was able to post a growth of 24.8 percent on its Risk Assets over the previous year to reach NPR 91 billion. Similarly, deposits grew by 6.2 percent to reach NPR 102 billion.

As proposed by the Board of Directors, the AGM approved the payment of a cash dividend of 16.51 percent of paid-up capital as of 16 July 2022 to the shareholders of the Bank for FY 2021/22. 

During the AGM, chairperson of the Bank, Daruwala thanked all the investors, clients, regulators, employees, and other stakeholders for their continued support. She added, “As the external conditions continued to remain fluid through the FY, we adapted with dynamism to a constantly changing landscape. Our management team and staff in Nepal have demonstrated exemplary spirit and rallied together as One Bank, despite the challenges. The perseverance and collective efforts of our colleagues have helped us maintain our focus on delivering the interests of shareholders, enhancing the client experience, and ensuring the wellbeing of our colleagues, clients, and the communities that we operate in.”

 

The AGM also appointed a new Public Director Avinash Agrawal, a businessman with a diverse investment portfolio. Standard Chartered Group holds 70.21 percent and the general public 29.79 percent shares in the bank.