KATHMANDU, DECEMBER 11: The 37th Annual General Meeting of Standard Chartered Bank Nepal Limited (SCBNL), chaired by Zarin Daruwala, Chairperson of the Bank, was held yesterday at Army Officers Club in Bhadrakali.
The SCBNL recorded an Operating Profit of Rs 4.97 billion for the Financial Year 2022/23. The Bank’s income grew by 47% to Rs 7.8 billion and Profit After Tax (PAT) by 53.6% to Rs 3.5 billion. Similarly, the Return on Equity (RoE) grew to 20.8% this year from a base of 14.2% last year. As recommended by the Board of Directors, it announced a cash dividend of 19% of paid-up capital, which is one of the highest in the last five years, and an increase of 2.5% from the last year.
During the meeting, the Chairperson of the Bank, Ms. Daruwala thanked all the investors, clients, regulators, employees, and other stakeholders for their continued support. She added, “Our focus on robust risk management foundations and our strategy of optimising capital has given us one of the highest financial returns in the history of the Bank’s operations in the country.”
Standard Chartered Group holds 70.21 percent and the general public hold 29.79 percent shares in Standard Chartered Bank Nepal Limited (SCBNL).
