April 26,
2016
Siddhartha Bank Ltd and
Business Universal
Development Bank Ltd (BUDBL),
which are pursuing
merger, have set their
share swap ratio at
115.59:71.64. Annual
general meetings of both
the institutions
endorsed the swap ratio
and merger proposal.
Read more.
August
6, 2011:
According to Securities
Board of Nepal, the
Siddhartha Bank
today applied for the
permission to start
Mutual Fund under the
name of Siddhartha
Assets Management
Company — a subsidiary
of the bank. It will be
the first Mutual Fund
after the regulatory
authority brought Mutual
Fund regulation in 2067.
26-01-2010:
Siddhartha Bank
registered an operating
profit of Rs 243 million
during the second
quarter of FY '66-67.
While inaugurating the
bank's new corporate
office at Hattisar,
Kathmandu, the chairman
also said that the
bank's total deposit
portfolio during the
same period stood at Rs
17.5 billion while the
total loans and advances
amounted to Rs 16.64
billion. The bank also
inaugurated its new
branch office at
Thamel with an aim
to extend modern banking
services and products to
industrialists,
businessmen, tourists
and the general public.
01-01-2010:
Siddhartha Development
Bank, which initially
got a license to operate
within three districts,
has got the approval to
go nationwide from Nepal
Rastra Bank.
28-10-2009:
The meeting of Board of
Directors of Siddhartha
Bank Limited Tuesday
decided to announce 10%
cash dividend to the
bank´s shareholders.
Compared to last year,
the bank has become
successful in increasing
its operating profit by
48 percent to Rs 347.6
million.
9-4-2009
Siddhartha Bank Ltd
chairman Chiranjilal
agarwal on Wednesday
unveiled its new
corporate logo. He said
that the change in the
logo was an important
milestone for all the
stakeholders of the bank
as the new logo reflects
the bank’s new
commitment and the new
promises that it holds
for all of its
customers.
6-1-2009
The seventh annual
general meeting of
Siddhartha Bank Ltd held
on January 6 has decided
to distribute 15 per
cent bonus shares and 50
per cent rights shares.
During the fiscal year
2007-08 the bank earned
an operating profit of
Rs 234.1 million while
in the first five months
of the current fiscal
year it posted an
operating profit of Rs
15.5 billion.
25-12-2008
Siddhartha Bank Ltd
completed six years of
operations on Wednesday.
The bank posted an
operating profit of Rs
155 million and
collected a total
deposit of Rs 11.3
billion in the first
five months of the
current fiscal. It has
10 branches and plans to
open 10 more.
29-11-2008:
Siddhartha Bank
Ltd has decided to
distribute 15 per cent
bonus shares and 50 per
cent rights shares,
subject to Nepal Rastra
Bank. According to a
press release, the paid
up capital of the bank
which was Rs 828 million
increased to over Rs
1.42 billion. The bank
posted an increment of
72 per cent in the
operating profit
compared to the same
period last year,
according to a bank
statement. Siddhartha
Bank plans to set up 10
more branches. At
present, it has 10
branch offices.
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