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HBL okays dividend

The 20th annual general meeting of Himalayan Bank Ltd (HBL) on Thursday approved 15 per cent bonus shares and 13.421 per cent cash dividend on its paid up capital. On behalf of the board of directors, chairman of HBL Manoj Bahadur Shrestha presented the bank’s annual financial report for fiscal year 2011-012.

The bank was able to collect deposits worth Rs 47.73 billion during the period under review, an increase of 16.64 per cent over the deposit of the previous year. Similarly, HBL’s loans and advances reached Rs 35.96 billion during the period, recording an increase of 9.10 per cent. It posted an operating profit of Rs 1,057.056 million during the period and its net profit reached Rs 958.638 million. After the issuance of the bonus shares from the profit of fiscal year 2011-012, its paid up capital will be Rs 2.76 billion.

source: The Himalayan Times,27 Dec 2012



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