KATHMANDU: Standard Chartered Bank Nepal Limited convened its 39th Annual General Meeting (AGM) in Bhadrakali, Kathmandu, today. The event was chaired by Venugopal Ranganathan, who led the proceedings in the presence of shareholders.
The AGM highlighted the bank’s impressive financial performance for the fiscal year 2081/82 (2024/25). Standard Chartered Bank Nepal Limited reported an operating profit of NPR 4.7 billion and an underlying profit after tax (PAT) of NPR 3 billion.
The Bank’s return on equity stood at 14.3%, with earnings per share recorded at NPR 30.0, underscoring the bank’s resilience and robust financial health. The Bank has announced a 19.0% cash dividend on paid-up capital, as recommended by the Board of Directors, emphasizing its commitment to delivering value to investors.
During his address, Ranganathan, Chairperson of the Bank, expressed heartfelt gratitude to investors, clients, regulators, employees, and other stakeholders for their unwavering support. He stated, “Standard Chartered Bank Nepal Limited, as the only international bank in Nepal, is committed to delivering our purpose of driving commerce and prosperity through our unique diversity.”
He further added, “The Board has recommended a cash dividend of 19.0% on the paid-up capital as of Ashadh-end 2082, reflecting a stable cash dividend payout over the last three years.”
Standard Chartered Group holds 70.21 percent, and the general public holds 29.79 percent of the shares in Standard Chartered Bank Nepal Limited. Standard Chartered Bank Nepal Limited remains dedicated to fostering economic growth and delivering exceptional banking services in Nepal.
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