Standard Chartered Bank Nepal Holds 39th AGM

Standard Chartered Bank Nepal Limited (SCBNL) held its 39th Annual General Meeting (AGM) at the Army Officers Club in Bhadrakali, Kathmandu, on Monday, December 15. The meeting was chaired by SCBNL Chairperson Venugopal Ranganathan and attended by shareholders.

The AGM showcased the bank’s financial performance for the last fiscal year, 2024/25, which ended in mid-July. SCBNL reported an operating profit of Rs 4.7 billion and an underlying profit after tax (PAT) of Rs 3 billion. The Bank’s Return on Equity stood at 14.3%, with Earnings Per Share recorded at Rs 30, underscoring the bank’s resilience and robust financial health, SCBNL said in a statement. “The Bank has 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,” read the statement.

During his address, Ranganathan expressed gratitude to investors, clients, regulators, employees, and other stakeholders for their continued support. “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 said. “The Board has recommended a cash dividend of 19.0% on the paid-up capital as of Ashadh end 2082, reflecting a stable cash dividend pay-out in the last three years.”

Standard Chartered Group holds 70.21% of SCBNL shares, while the general public owns 29.79%.