Siddhartha Bank AGM on Jan 28; 10% cash dividend & 12% bonus shares

Siddhartha Bank Limited has announced its Annual General Meeting on January 28, which, inter alias, will endorse 22 percent dividend, including 12 percent bonus shares to the shareholders from the net profit the bank posted in the current fiscal year 2069/70.

The 12th AGM of the commercial bank will be held at Trade Tower at Thapathali in Kathmandu.

Siddhartha Bank has reported 49.43 percent growth in profit in the last fiscal year.

The bank earned a profit of Rs 49.04 crore in the FY 2069/70 as against Rs 33.04 crore in the last fiscal.

The bank’s deposits increased to Rs 28.39 arba, a mere 9.42 percent rise over Rs 25.94 arba reported in the previous fiscal. Loans and advances, however, grew 14.82 percent to Rs 23.11 arba.

The bank’s EPS stands at Rs 30.29 and net worth at Rs 165.12.-SSN