Siddhartha Development Bank to distribute 11% bonus share & 0.58% cash dividend

Siddhartha Development Bank Limited (SDBL) has decided to distribute 11 percent bonus share and 0.58 percent cash dividend for tax purpose to its shareholders.
The 314th BOD Meeting of the company held on Ashwin 5, 2072 has proposed distribution of 11% Bonus Shares and 0.58% Cash Dividend (for Tax Purpose) to their Shareholders
The decision is subjected to approval from the Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).
The development bank has earned net profit of Rs 16.18 crore in its fourth quarter of the last fiscal year 2071/72. Its paid up capital remains at Rs 64.50 lakhs.-SSN

Siddhartha Development Bank Ltd (SDBL) - Fundamental Analysis of FY 2070/71

सिद्धार्थ डेभलपमेन्ट बैंक लिमिटेडको संक्षिप्त विश्लेषण
पूँजी, जगेडा, निक्षेप तथा लगानी
चुक्ता पूँजी रु. ६४ करोड ५० लाख, जगेडा रु. २ करोड ९९ लाख ९७ हजार, निक्षेप रु. ६ अरब २५ करोड ८६ लाख ३१ हजार, कर्जा लगानी रु. ४ अरब ७७ करोड ५५ लाख १० हजार र अन्य लगानी २ अरब ४३ करोड ४८ लाख ८ हजार रहेको छ |

Metro Development profits 2.14cr, Siddhartha Dev posts loss 32.99cr, Nepal Awas Finance profit 2.17 cr

Metro Development Bank has posted an impressive 90.59% jump in profits for FY 2069/70. The bank made a profit of Rs 2.14 crore as compared to Rs 1.12 crore in the last fiscal. Deposits increased 54.74% to Rs 1.1 arba and and loans and advances climbed 63.70% to Rs 99.19 crore. The bank’s EPS stands at Rs 20.20 and net worth at Rs 126.42.

Charges filed against CEOs of Kist, Siddhartha and 16 others involved in load fraud

Central Investigative Bureau (CIB) has charged 16 people, including the former CEO of Kist Bank and Siddhartha Development Bank, for their involvement in a banking fraud.

As per a news report published in Naya Patrika, the CIB has charged former CEO of Kist Dipendra Karki with loan fraud.

Siddhartha Development Bank SDBL, Vibor sign an agreement to work together

Siddhartha Development Bank Ltd (SDBL) inked an agreement on Thursday with Vibor Development Bank to increase the reach of customer services for its SDBL Trust Remit services the thorough out the country. According to a statement issued by SDBL on Thursday, SDBL clients can now use six of Vibor Bank’s branches. Mahesh Sharma Dhakal, the chief executive officer of SDBL, and Jhalak Prasad Khanal, the chief executive officer of the Vibor, signed the agreement representing their respective banks, SDBL said.
Src : Republica