The 10th Annual General Meeting (AGM) of Kumari Bank Ltd. held on Wednesday, 1 December 2010 approved to provide 12 percent cash dividend to its shareholders as proposed by the board of directors. At the meeting, the Chairman, Mr. Shiva Ratan Sharada, reiterated the bank’s commitment on providing quality products and services to its customers and informed the meeting on the overall progress and the growth of the bank and its plans.

While talking about the bank’s overall progress in the Fiscal Year 2066/067, Mr. Sharada stated that the bank was able to increase its net profit by 22.51 percent in comparison to last fiscal year. The total deposits at the end of the Fiscal Year 2066/067 reached NPR 17.43 Billion, an increment of 10.96 percent in comparison to the last Fiscal Year. Similarly, loans & advances increased by 1.15 percent with a total of NPR 14.96 Billion at the end of the Fiscal Year 2066/067. During the fiscal year 2066/67, the bank was also able to bring down the Non Performing Loans (NPLs) to 0.50 percent.



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