HBL’s 24th AGM held

KATHMANDU: The 24th annual general meeting of Himalayan Bank Ltd (HBL) concluded on Friday.

The AGM declared 30 per cent bonus share and 1.5789 per cent cash dividend on the paid-up capital to the shareholders, as per a media release.

After issuance of the bonus shares, the bank’s paid-up capital will be Rs 5.84 billion. Presenting the bank’s annual report for the fiscal year 2015-16, Manoj Bahadur Shrestha, chairman of HBL, informed that the bank’s total deposit base reached Rs 87.33 billion, recording an increase of 18.76 per cent over the previous year.

Similarly, loans and advances reached Rs 69.10 billion, an increase of 24.67 per cent.