TOGETHER, WE CAN BUILD. We Make Commitments, Take Responsibilities, Promote Trust and Build Partnership; Summing up We Can Say, “YOU & US TOGETHER, WE CAN BUILD”

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TOGETHER, WE CAN BUILD. We Make Commitments, Take Responsibilities, Promote Trust and Build Partnership; Summing up We Can Say, “YOU & US TOGETHER, WE CAN BUILD” ANNUAL REPORT 2015-16 TOGETHER, WE CAN BUILD. We make commitments, take responsibilities, promote trust and build partnership; summing up we can say, “YOU & US TOGETHER, WE CAN BUILD”. Through our best governance, disciplined management, talented and skilled human resources, a customer oriented approach and robust infrastructure, we have been successful to deliver the services smoothly and achieve our growth year on year. We believe in being available to you all times. Because, if “you and us” work together, we can build a better future. FORWARD-LOOKING STATEMENTS The Annual Report for the year 2015/16 presented hereby shows the growth we made from the inception. This achievement is the result of the support from all the stakeholders. Please have a look at our Bank, the driving force, Management Team, products and services we offer, our present growth and the achievements. 2 SUNRISE BANK LIMITED ANNUAL REPORT 2015-16 ANNUAL REPORT 2015/16 3 Report Objectives The report is intended to provide simplified information to our stakeholders as well as other interested parties on how we performed in 2015/16. The report is a reflection on the overall operation of the Bank and exhibits the Bank’s direction to achieve its mission and vision. The Annual Report Sunrise Bank The Bank Global growth, On behalf of the The Bank has Capitalizing on its core strength, The Board comprises Limited, a leading performance this year currently estimated at Board of Directors of performed significantly of a Chairman, four market orientation and innovation in Commercial Bank of was remarkable; 3.1 percent in 2015, your company, well during the fiscal year Directors from promoter’s Nepal... .... .... I join our CEO.... under review. ... products and service delivery; Sunrise group .... Bank is well positioned to achieve its Overview Financial Highlights Economic Review Chairman’s Statemen t CEO’s Statement Board Level Committee aim of being a leader. Sunrise Bank Page 06 Page 10 Page 12 Page 21 Page 23 Page 32 aims to lead the market through its customised financial solutions and enriched customer base. A professional Towards bettering We provide loan ...toward continuous The Board of Directors Following management and and enhancing based on the growth. Sunrise has the pleasure of details of shareholders operating leadership the life of people, requirement of every Bank Limited is presenting the 9th has been recorded ... ... Sunrise Bank Limited corporate. We invest in "Rising to Serve" .... Annual Report ... your project, ... Managing Human ... Products & Services Financial Statements Directors Responsibility Shareholders’ Resource Corporate Banking Page 48 Page 60 Statement Information Page 46 Page 50 Page 62 Page 141 CONTENTS STRATEGIC REPORT RISK REVIEW FINANCIAL STATEMENTS Overview 6 Board Level Committees 32 Directors Responsibility Vision 6 Risk Management and Statement 62 Mission 6 Control Environment 40 Disclosure of Information Operational Highlights 7 Under Section 109(4) of Core Values 7 Companies Act 2006 69 HUMAN RESOURCE MANAGEMENT Disclosure related to Financial Highlights 10 Managing Human Resources 46 annexure-13 of sub rule(1) Financial Reviews 11 of rule 22 of securities registration and issuance Economic Review 12 PRODUCTS & SERVICES regulation, 2065 70 Around the Globe 12 Auditor’s Report 73 Corporate Banking 50 Inside the Boundary 13 Financial Statement 74 Small and Medium Strategic Objectives 13 Enterprises Financing 51 Card and E-Banking SHAREHOLDER’S INFORMATION CORPORATE GOVERNANCE Products and Services 52 Shareholder’s Information 141 Governance at a Glance 16 Stock Symbol 141 Board of Directors 18 Valuing Partnership 54 Chairman’s Statement 21 Deposit Schemes 54 CEO’s Statement 23 Lending Schemes 58 Management Team 24 The Bio 26 Department Heads 28 Report Objectives The report is intended to provide simplified information to our stakeholders as well as other interested parties on how we performed in 2015/16. The report is a reflection on the overall operation of the Bank and exhibits the Bank’s direction to achieve its mission and vision. The Annual Report Sunrise Bank The Bank Global growth, On behalf of the The Bank has Capitalizing on its core strength, The Board comprises Limited, a leading performance this year currently estimated at Board of Directors of performed significantly of a Chairman, four market orientation and innovation in Commercial Bank of was remarkable; 3.1 percent in 2015, your company, well during the fiscal year Directors from promoter’s Nepal... .... .... I join our CEO.... under review. ... products and service delivery; Sunrise group .... Bank is well positioned to achieve its Overview Financial Highlights Economic Review Chairman’s Statemen t CEO’s Statement Board Level Committee aim of being a leader. Sunrise Bank Page 06 Page 10 Page 12 Page 21 Page 23 Page 32 aims to lead the market through its customised financial solutions and enriched customer base. A professional Towards bettering We provide loan ...toward continuous The Board of Directors Following management and and enhancing based on the growth. Sunrise has the pleasure of details of shareholders operating leadership the life of people, requirement of every Bank Limited is presenting the 9th has been recorded ... ... Sunrise Bank Limited corporate. We invest in "Rising to Serve" .... Annual Report ... your project, ... Managing Human ... Products & Services Financial Statements Directors Responsibility Shareholders’ Resource Corporate Banking Page 48 Page 60 Statement Information Page 46 Page 50 Page 62 Page 141 CONTENTS STRATEGIC REPORT RISK REVIEW FINANCIAL STATEMENTS Overview 6 Board Level Committees 32 Directors Responsibility Vision 6 Risk Management and Statement 62 Mission 6 Control Environment 40 Disclosure of Information Operational Highlights 7 Under Section 109(4) of Core Values 7 Companies Act 2006 69 HUMAN RESOURCE MANAGEMENT Disclosure related to Financial Highlights 10 Managing Human Resources 46 annexure-13 of sub rule(1) Financial Reviews 11 of rule 22 of securities registration and issuance Economic Review 12 PRODUCTS & SERVICES regulation, 2065 70 Around the Globe 12 Auditor’s Report 73 Corporate Banking 50 Inside the Boundary 13 Financial Statement 74 Small and Medium Strategic Objectives 13 Enterprises Financing 51 Card and E-Banking SHAREHOLDER’S INFORMATION CORPORATE GOVERNANCE Products and Services 52 Shareholder’s Information 141 Governance at a Glance 16 Stock Symbol 141 Board of Directors 18 Valuing Partnership 54 Chairman’s Statement 21 Deposit Schemes 54 CEO’s Statement 23 Lending Schemes 58 Management Team 24 The Bio 26 Department Heads 28 STRATEGIC REPORT Overview Sunrise Bank Limited, a leading commercial bank of Nepal was established as a 23rd commercial bank of Nepal on 12th October, 2007 with its motto “Rising to VISION You & Us. Serve” with comprehensive products and services. The Together We Can Build. Bank has its corporate office at Gairidhara Crossing, Kathmandu Nepal. As the promoters are reputed entrepreneurs, the Bank understands the needs of a growing economy and is well equipped to cater them. MISSION The Bank's Board has 9 BOD members along with Establish Chairman, Mr. Motilal Dugar. The Management Sunrise Bank team comprises 5 lead members with Mr. Ratna Raj as a lead bank in all places of our branch locations & Bajracharya as CEO. Entire member of the Management nationwide. team are professional managers who have expertise in various aspects of bank management and operations. The Bank recently acquired a “C” class financial institution - Narayani National Finance Limited(NNFL). The joint operation started from 14th July 2016 (B.S. 2072/03/30). The bank is in discussion to acquire another "C" class financial institution, viz. N.I.D.C Capital Market Ltd., along CAPITAL STRUCTURE with its subsidiary NCM Merchant Banking Ltd., thereby entering into Capital Market as well.* The Bank has achieved steady growth through the nine PROMOTERS successful years of operation and with recent acquisition 51% PUBLIC of Narayani National Finance Limited our geographical 20,277,820 coverage has widened enabling us to serve businesses 49% 19,482,644 and customers in the remote corners of Nepal as well. While we are present across Nepal, we continue to expand our network to cover more areas that are not being served in Nepal. Besides, with the help of up-to- date technology, the Bank continuously works towards * BANK HAS ALREADY ACQUIRED NIDC CAPITAL MARKETS AND STARTED JOINT providing efficient services to the customers. OPERATION FROM 10TH FEBRUARY 2017. 6 SUNRISE BANK LIMITED STRATEGIC REPORT STRATEGIC CORPORATE GORVERNANCE OPERATIONAL CORE HIGHLIGHTS VALUES CUSTOMER ORIENTATION n Good revenue generation n Surge in investment of the We at Sunrise Bank provide despite the cut throat Bank to reap sizable income value added customized competition in the market from investments. products and services to and declining interest rate. n Integrated team efforts from our customers through n Prudent risk management the ground level lead to unparalleled service system to minimize financial escalate banks profitability. delivery. and operational risks n Reinvented products thereby eliminating losses. and services to cater our INTEGRITY AND n customer’s divergent needs Remarkable growth in TRANSPARENCY REVIEW RISK Balance Sheet Size with a thereby delighting them and The fundamental principle good composition of capital positioned Sunrise Bank as a of Sunrise Bank lies within and liquid assets. strong brand in the market. integrity
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