Sanima Bank’s 19th AGM Approves 9% Bonus Share and 5.70% Cash Dividend

Sanima Bank Limited has successfully concluded its 19th Annual General Meeting (AGM) on October 19, 2023. Mr. Tuk Prasad Poudel, serving as the Chairman, presided over the AGM during which several significant decisions were made. Notably, the AGM approved the distribution of a 9% bonus share and a 5.70% cash dividend to the bank’s shareholders.

For the fiscal year 2079/80, Sanima Bank reported a net profit of NPR 2.61 billion, accompanied by total deposits and net loans and advances amounting to NPR 178.85 billion and NPR 149.87 billion, respectively. The bank’s total assets also reached NPR 215.64 billion. When compared to the previous fiscal year (2078/79), the bank witnessed substantial growth, with total deposits, loans and advances, and total assets increasing by 12.56%, 5.78%, and 12.02%, respectively.

Furthermore, the bank’s prudential parameters, as of mid-July 2023, demonstrate its financial health. The non-performing loan ratio stands at 1.31%, while the capital fund to risk-weighted assets ratio is at a healthy 14.42%. The liquidity position of the bank is strong, with a liquidity ratio of 30.01%, and the credit to deposit ratio (monthly average) is reported at 79%. These parameters reflect the bank’s sound financial standing and its ability to manage risk and liquidity effectively.