KATHMANDU, Dec 15: Standard Chartered Bank Nepal Limited successfully convened its 39th Annual General Meeting (AGM) at the Army Officers Club in Bhadrakali, Kathmandu, on Monday. The meeting was chaired by Venugopal Ranganathan, who led the proceedings in the presence of shareholders.
The AGM highlighted the bank's strong financial performance for the Fiscal Year (FY) 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 its resilience and robust financial health. The bank announced a 19.0% cash dividend on paid-up capital as recommended by the Board of Directors, emphasising its commitment to delivering value to investors.
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During his address, Ranganathan 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 added, “The Board has recommended a cash dividend of 19.0% on the paid-up capital as of the end of Ashadh 2082, reflecting a stable cash dividend pay-out over the last three years.”
Standard Chartered Group holds 70.21% of the shares, while the general public holds 29.79% in Standard Chartered Bank Nepal Limited. The bank remains dedicated to fostering economic growth and providing exceptional banking services in Nepal.
