Sanima Bank Limited successfully conducted its 20th Annual General Meeting (AGM) on Tuesday 19th November, 2024 in Kathmandu. Under the leadership of Chairman Mr. Tuk Prasad Paudel, the meeting reviewed the bank’s financial performance and future strategy.
The AGM approved the distribution of 5.26% bonus shares and 26% cash dividends with tax to shareholders from the profit of the last fiscal year.
Financial Highlights
As of Ashar end 2081 BS (mid-July 2024), Sanima Bank achieved remarkable growth in key financial indicators:
Non-performing loans: Maintained at 1.72%.
Capital adequacy ratio: Stood at 13.29%.
Liquidity ratio: Registered at 29.21%.
Loan-to-deposit ratio: Averaged at 80.53%.
Bank's Growth
With total assets reaching NPR 233.86 billion, Sanima Bank recorded a net profit of NPR 2.40 billion for the fiscal year 2080/81. The bank’s deposits stood at NPR 119.38 billion, while loans and advances amounted to NPR 199.38 billion.
Compared to the previous fiscal year, deposits, loans, and total assets witnessed growth of 11.48%, 10.0%, and 8.45%, respectively, showcasing the bank’s steady expansion and strong financial management.
This AGM reinforces Sanima Bank’s commitment to sustainable banking practices and creating value for its stakeholders.
