ADDITIONAL INFORMATION As required by Section 109 of the Company Act (First Amendment),2006
Un-audited first quarter result of financial year 2018/19 is as follows: Amount in Thousands (Rs) Loans and advances
48,364,803
Deposits
65,470,922
Operating profit
905,905
Profit before taxes
905,905
Net Profit
634,133
Achievements of the current year as of the date of preparation of the report, and opinion of the Board of Directors on future actions: Please refer the ‘Board of Director Report’ & CEO Report. A review of the business during the previous year: Please refer the sections ‘Commercial Banking’ & ‘Retail Banking’ under CEO Report. Impacts caused on the transactions of the Company, if any, from National and International Situation: The Bank is not affected directly. Industrial or Professional Relations of the Company: The Company maintains a good professional relationship with its customers, people and regulators. Senior managers of the Company represent in number of councils, committees and sub-committees of regulators’, professional organizations, associations, and forums. The Company is a member of Nepal Bankers Association, Federation of Nepalese Chamber of Commerce & Industry, Nepal Britain Chamber of Commerce & Industry, Nepal India Chamber of Commerce & Industry, Management Association of Nepal and Nepal Institute of Company Secretary. Changes made in the Board of Directors, and reasons therefore: Please refer the section on ‘Corporate Governance and Board of Directors’ Report. Main factors affecting the business: Please refer the sections ‘Economic Environment’ and ‘Conclusion’ under Board of Directors Report and ‘Credit Environment’ under CEO Report. Board of Directors’ Reaction to Remarks made, if any, in the Audit Report: The Board does not have remarks on the findings mentioned in the Auditor’s Report.
The amount recommended for distribution as dividend: The Board has recommended paying Rs. 1,402,000,367 as cash dividend for the FY 2017-18. Forfeited Shares: There are no shares forfeited during the financial year. Transaction between the Bank and its Subsidiary Company and the Progress made in the Business: The Bank does not have a subsidiary company. Main transactions carried out by the company and its subsidiary company during the financial year and any important change in the business of the company during the period: The Bank does not have a subsidiary company and there is no significant change in the business of the company during the period. Information furnished to the company by its basic shareholders during the previous financial year: There are no basic shareholders in the bank as no shareholder, except the SCB Group, holds more than 1percent of the paid up capital of the Company. There has been no information received from the SCB Group in this regard. Particulars of the ownership of shares taken up by the Directors and office-bearers of the company during the previous financial year, and information received by the company from them about their involvement, if any, in the transactions of the shares of the company: Directors and office bearers, except mentioned above,have not involved in the shares transactions of the Bank in FY 2074/75 as per the declaration provided by them to the Bank. Particulars of information furnished by any Director or any of his close relatives about his personal interest in any agreement connected with the company signed during the previous financial year: There are no such information furnished by the Directors and any of their close relatives. Purchase of own Shares: The Bank has not purchased its own shares in the year under review. Whether or not there is an internal control system, and if there is any such system, details there of : Please refer section on ‘Corporate Governance’ and
29
