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12Th Annual Report 2015 / 16 Board of Directors

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12Th Annual Report 2015 / 16 Board of Directors 12th Annual Report 2015 / 16 Board of Directors Binaya Kumar Shrestha Chairman Tuk Prasad Poudel Dr. Subarna Das Shrestha Bharat Kumar Pokheral Mahesh Ghimire Bharat Bahadur Thapa Financial Highlights DEPOSIT (RS. BILLION) GROSS LOAN AND ADVANCES (RS. BILLION) 46.42 40.90 34.05 28.59 24.87 20.62 17.79 15.25 11.18 9.64 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 As at Mid July As at Mid July INVESTMENTS (RS. BILLION) TOTAL ASSETS (RS. BILLION) 10.73 55.96 7.74 40.30 29.38 21.98 3.85 3.72 13.72 2.11 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 As at Mid July As at Mid July SHAREHOLDER’S FUND (RS. BILLION) NET INTEREST INCOME (RS. MILLION) 5.35 3.43 1,722.30 2.83 2.42 1,139.39 2.13 818.72 655.53 418.58418 58 2012 2013 2014 2015 2016 11/12 12/13 13/14 14/15 15/16 As at Mid July FY OPERATIONS PFOFIT BEFORE PROVISION (RS. MILLION) NET PROFIT (RS. MILLION) 996.05 1,613.80 624.14 1,045.13 427.60 750.11 305.06 516.79 242.43 121.77 11/12 12/13 13/14 14/15 15/16 11/12 12/13 13/14 14/15 15/16 FY FY Financial Highlights NPL/TL (%) CAR (%) 20.74 0.479 14.87 12.54 12.36 11.08 0.073 0.027 0.017 0.019 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 As at Mid July As at Mid July ROE (%) DIVIDEND (%) BRANCHES ATMS 47 29.03 40 22.03 17.64 28 38 40 14.32 21.05 22 24 15.79 15.79 5.75 10.53 5.50 444 11/12 12/13 13/14 14/15 15/16 11/12 12/13 13/14 14/15 15/16 FY FY COMPOSITION OF INCOME COMPOSITION OF EXPENSE 12% Interest Interest 4% 87% Forex Personnel 9% 72% 16% Others Others Annual Report 2015/16 CONTENTS S.No. Description Page no. 1 Chairman’s Speech 4 2 Director’s Report 5 3 Consolidated Balance Sheet 13 &RQVROLGDWHG3URȨWDQG/RVV$FFRXQW 14 &RQVROLGDWHG3URȨWDQG/RVV$SSURSULDWLRQ$FFRXQW 15 6 Consolidated Cash Flow Statement 16 6WDWHPHQWRI&KDQJHVLQ(TXLW\ 17 8 Report on the Financial Statements 18 9 Balance Sheet 20 3URȨWDQG/RVV$FFRXQW 21 3URȨWDQG/RVV$SSURSULDWLRQ$FFRXQW 22 12 Cash Flow Statement 23 6WDWHPHQWRI&KDQJHVLQ(TXLW\ 24 6FKHGXOHV 25 - 81 8QDXGLWHG)LQDQFLDO5HVXOWV 82 1 Annual Report 2015/16 3URȨOH Sanima, promoted by prominent and dynamic Non-Resident Nepalese (NRNs) Businessman, commenced its operation in 2004 with the vision to mobilize resources for National Development. Sanima has been able to establish itself as a "A" Class Commercial Bank and has achieved the triumph to establish itself as a Strong & Reliable Commercial Bank in Nepal .In the pursuit of sustainable JURZWK 6DQLPD KDV IXOOȩHGJHG EUDQFKHV ZLWKLQ DQG RXWVLGH WKH .DWKPDQGX 9DOOH\ DQG KDV IXUWKHUSODQVWRKDYHPRUHIRRWSULQWVLQGLȧHUHQWSDUWVRIWKHFRXQWU\ (YHUVLQFHLWVLQFHSWLRQ6DQLPDKDVRȧHUHGRQHZLQGRZȨQDQFLDOVROXWLRQVDQGFXVWRPL]HGVHUYLFHVWR better suit the needs of the individual customer. Sanima is committed to exceed customer expectations in all areas of its Business through consistent processes, innovations and improvements. Every day, we’re proud to partner with many businesses, and communities, bringing them our skills and expertise WRKHOSPDNHWKHLUȨQDQFLDOOLYHVEHWWHU Sanima has always taken initiative for the wellbeing of the society and has been contributing especially towards the education sector. We assure our commitment to give continuation to such a noble cause.. 2 Annual Report 2015/16 Management Team Bhuvan Kumar Dahal Chief Executive Officer Tej Bahadur Chand Deputy Chief Executive Officer Bobby Singh Gadtaula Nischal Raj Pandey Pawan Kumar Acharya Chief Deposit Officer Chief Risk Officer Chief Project Financing Officer Saroj Guragain Sujeet Dhakal Raju Krishna Shrestha Chief Financial Officer Chief Retail Lending Officer Deputy Chief Operating Officer Roshan Chandra Gautam Sushil Ratna Bajracharya Hitler Shrestha Deputy Chief Operating Officer Head Information Technology Head Corporate Lending Sudip Kumar Halwai Sushil Raj Shrestha Bibhor Jha Head Credit Risk Retail Head Institutional Deposit Head Treasury Front Office Anish Pyakurel Hem Raj Sanjyal Tanka Mani Baral Senior Credit Risk Manager Regional Manager Western Region Regional Manager Eastern Region Narayan Prasad Khatiwada Prakash Karki Niraj Dhakal Head SME/Mid-Size Business SRM - Retail Lending Head Internal Audit Priti Singh Bikram Shrestha Rama Khadka Head Deposit Management Retail Head, e-Banking & ISO Manager Credit Risk Business Ramila Shrestha Sabina Shrestha Head Human Resource Head Trade Finance 3 Annual Report 2015/16 As a Chairman, I woud like to assure you that SSanimaanima “ shall continuouslly attempt to provide better results.esults. “Chairman's Message Respected Shareholders, ,W JLYHV PH DQ LPPHQVH SOHDVXUH WR ZHOFRPH RXU 6LPLODUO\WRIXOȨOODQREMHFWLYHWRSURYLGHȨQDQFLDOVHUYLFH VKDUHKROGHUV DQG JXHVWV WR WKH WK $QQXDO *HQHUDO IURP 0HFKL WR 0DKDNDOL 6DQLPD EDQN KDV EURXJKW LQWR 0HHWLQJRI6DQLPD%DQN/LPLWHG7KHEDQNLVLQLWVȨIWK RSHUDWLRQ EUDQFKHV )XUWKHUPRUH QHFHVVDU\ VWHSV DUH \HDURIRSHUDWLRQDVDFRPPHUFLDOEDQN'HVSLWHWKHKXJH EHLQJWDNHQWRHVWDEOLVKQHZEUDQFKHVLQYDULRXVORFDWLRQV FRPSHWLWLRQLQWKHEDQNLQJLQGXVWU\6DQLPDEDQNKDVEHHQ $FKLHYHPHQWVDQGDFWLYLWLHVRIWKHEDQNWLOOGDWHKDYHEHHQ DEOHWRPDLQWDLQDVXFFHVVIXOLGHQWLW\LQȨQDQFLDOVHFWRU PHQWLRQHGLQ$QQXDOUHSRUWLQGHWDLO$VDFKDLUPDQ,ZRXOG )RUWKLVDFKLHYHPHQW,ZRXOGOLNHWRWKDQNDOOVKDUHKROGHUV OLNHWRDVVXUH\RXWKDW6DQLPDVKDOOFRQWLQXRXVO\DWWHPSWWR FXVWRPHUVFROOHDJXHVZHOOZLVKHUVVWDNHKROGHUVDQGDOO SURYLGHEHWWHUUHVXOWV DVVRFLDWHGRUJDQL]DWLRQVIRUWKHLUUHVSHFWLYHFRQWULEXWLRQ ,H[SUHVVP\VLQFHUHJUDWLWXGHWRDOORXUVKDUHKROGHUVDQG %DQN LQFOXGLQJ6DQLPD&DSLWDO KDVEHHQDEOHWRLQFUHDVH JXHVWVIRU\RXUFRQWLQXHGVXSSRUWDQGFRRSHUDWLRQ:HZRXOG LWVQHWSURȨWE\RQ\R\EDVLVWRJHQHUDWHWKHSURȨW OLNHWRDVVXUHWKDW\RXUVXJJHVWLRQVDQGUHFRPPHQGDWLRQV RI5V2QHELOOLRQIRXUKXQGUHGDQGWZHQW\WZRPLOOLRQQHW ZLOO EH JXLGLQJ IDFWRUV IRU XV ZKLFK VKDOO EH JLYHQ GXH SURȨW,WKDVEHHQSURSRVHGWRSURYLGH%RQXV6KDUH FRQVLGHUDWLRQ DV DSSURSULDWH , ORRN IRUZDUG IRU FRQWLQXHG DQG&DVK'LYLGHQGIURPWKHSURȨWV%RQXVVKDUHLV directions from the Board of Directors, dedication and SURSRVHGRQWKHFDSLWDOLQFOXGLQJWKHUHFHQWO\LVVXHG KDUGZRUNIURPRXUVWDȧPHPEHUVDQGYDOXDEOHDGYLFHDQG ULJKWVKDUHWKXVGLYLGHQGDSSHDUVWREHOHVVGHVSLWHRIWKH VXSSRUWIURPDOORXUVKDUHKROGHUVDQGVWDNHKROGHUV UHPDUNDEOHSURȨW 2QFHDJDLQ,ZHOFRPH\RXDOOWRWKLVWK$QQXDO*HQHUDO %DQNKDVEHHQDEOHWRUDLVHLWV3DLGXSFDSLWDOWR5V Meeting. ELOOLRQPLOOLRQWLOOQRZDQGZLOODFFRPSOLVKWKHȨJXUH RI5VELOOLRQ3DLGXSFDSLWDOWKURXJKLVVXDQFHRIERQXV DQG ULJKW VKDUH E\ 0LG-XO\ ,W LV SODQQHG WR UDLVH Thank you UHPDLQLQJFDSLWDOWKURXJKUHLVVXDQFHRIULJKWVKDUHV RQ FDSLWDO DIWHU LQFOXVLRQ RI FXUUHQW ERQXV VKDUH DQG Binaya Kumar Shrestha DFTXLVLWLRQRI%DJDPDWL'HYHORSPHQW%DQN/LPLWHG Chairman 4 Annual Report 2015/16 DIRECTOR’S REPORT Respected Shareholders, :HDUHFRQȨGHQWWKDW6DQLPD7HDPKDVEHHQJLYLQJLWVXQWLULQJHȧRUWVWRSURYLGHRXUVKDUHKROGHUVZLWKEHWWHUUHWXUQDQGIXUWKHUVWUHQJWKHQLWV LQGLFDWRUV:HEHOLHYHWKDWWKH%DQNZLOOEHDEOHWRGHOLYHUEHWWHUUHWXUQVWRWKHVWDNHKROGHUVWKURXJKEHWWHUVWUDWHJ\HȧHFWLYHDGPLQLVWUDWLRQ DQGHȪFLHQWSHUIRUPDQFH6DQLPDKDVEHHQDEOHWRJHQHUDWHSURȨWVVLQFHLWVLQFHSWLRQDQGGHVSLWHWKHWRXJKFRPSHWLWLRQLQEDQNLQJVHFWRULW KDVEHHQDEOHWRLQFUHDVHLWVUHYHQXH A) CURRENT YEAR VS PREVIOUS YEAR Rs. In Million DETAILS MID JULY 2016 MID JULY 2015 CHANGE (%) 1HW/RDQV 40,455 28,264 43 Investment 10,734 7,744 38 Deposit 46,423 34,045 36 'LYLGHQG ,QFOXGLQJ&DVK 72.48 53.69 18.79 1RQ3HUIRUPLQJ/RDQV 0.02 0.07 0.05 Details FY 2015/16 FY 2014/15 Change (%) Net Interest Income 1,723 1,139 51 2SHUDWLQJ3URȨW %HIRUH3URYLVLRQ 1,611 1,045 54 1HW3URȩW 1,000 624 60 'XULQJWKH\HDUWKHORDQDQGDGYDQFHVRIFRPPHUFLDOEDQNVLQFUHDVHGE\SHUFHQWZKHUHDVGHSRVLWPRELOL]DWLRQLQFUHDVHGE\SHUFHQW2SHUDWLQJSURȨW LQFUHDVHGE\SHUFHQWDQG1HWSURȨWE\SHUFHQW2XUORDQVGHSRVLWVRSHUDWLQJLQFRPHDQGQHWSURȨWȨJXUHVKDYHLQFUHDVHGVLJQLȨFDQWO\FRPSDUHGWR LQGXVWU\ȨJXUHV B) COUNTRY’S MACROECONOMIC SITUATION ,QWKHȨVFDO\HDUUHDO*URVV'RPHVWLF3URGXFWLRQ *'3 JURZWKUDWHDWEDVLFSULFHLVHVWLPDWHGWREHDWSHUFHQWFRPSDUHGWRD JURZWKRISHUFHQWLQWKHSUHYLRXV\HDU'HOD\LQPRQVRRQFDXVHGGHFUHDVHLQDJULFXOWXUDOSURGXFWLRQOLNHZLVHWKHSURORQJHGVWULNHDQG ERDUGHUEORFNDGHKDYHVLJQLȨ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Ȩ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ȨFLWGXULQJWKHUHYLHZ\HDUJUHZE\SHUFHQW 3UHYLRXV\HDULWZDVSHUFHQW WR5VELOOLRQ([SRUWVLPSRUWVUDWLRGURSSHGWRSHUFHQWLQWKHUHYLHZ\HDU7KLVLPSOLHVWKHVL]HRILPSRUWLVDOPRVWWLPHVODUJHU WKDQWKHVL]HRIH[SRUWVLQWKHUHYLHZ\HDU6XFKUDWLRKDGUHPDLQHGSHUFHQWLQWKHSUHYLRXV\HDU 7KHQXPEHURI1HSDOHVHZRUNHUOHDYLQJIRUIRUHLJQHPSOR\PHQWEDVHGRQȨQDODSSURYDOGHFUHDVHGE\SHUFHQW SUHYLRXV\HDULWZDV SHUFHQW
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