KATHMANDU: Sanima Bank has successfully concluded its 14th annual general meeting (AGM) on Thursday. Under the leadership of Binaya Kumar Shrestha, chairman of the bank, the AGM has approved to provide 14 per cent cash dividend.

Similarly, from the public (Category B) two independent directors Bharat Kumar Pokharel and Mahesh Ghimire were elected at the meeting.

In the last fiscal year, Sanima was able to earn net profit of Rs 1.70 billion, which is an increase of 23.27 per cent as compared to the previous fiscal. It was able to collect deposits worth Rs 79.18 billion and its net loans and advances stood at Rs 69.24 billion along with total assets size of Rs 91.82 billion.

As of mid-July, Sanima’s non-performing loans stood at 0.03 per cent and its capital fund to RWA stood at 12.41 per cent.

Similarly, its net liquidity stood at 24.72 per cent and its credit deposit ratio (monthly average) stood at 78.78 per cent.