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BUSINESS BRIEFS: Standard Chartered Bank's AGM

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KATHMANDU, Nov 11: The 24th Annual General Meeting (AGM) of Standard Chartered Bank Nepal Limited (SCBNL) was held on Thursday in the presence of Neeraj Swaroop, the director of the bank.



SCB Nepal´s operating profit and net profit for fiscal year 2009/10 was Rs 1.61 billion and Rs 1.08 billion respectively. Similarly, the bank achieved a growth of 17 percent on its risk assets level which was Rs 16 billion as at close of fiscal year 2009/10. [break]



As proposed by the board of directors, the AGM approved payment of 55 percent dividends in cash and issuance of bonus shares at the rate of 15 percent. Speaking on the occasion Swaroop thanked all the shareholders and customers for their continued support in enabling the bank to attain greater heights.



“The bank has continuously been delivering on its promises. I am sure we will deliver a record performance next year. Let me assure you that we are in a better position to deal with the emerging challenges,” said Swaroop.


SPICE M-5161n in the market



 Teletalk Private limited, the sole authorized distributor of Spice Mobile phone in Nepal has launched M-5161n in the market.



“The Spice ultra stylish Multi SIM phone provides a solution for those with busy lives and offers greater convenience, economy and enhanced efficiency,” the company said in a press statement.



The M-5161n has features like 4.5 hours talk time, 300 hours standby time in standard working condition, expandable memory upto 4GB.



This new phone comes with a motion music and wallpaper feature. M-5161n supports phone as a modem. Spice M-5161n with all these amazing features costs Rs 4,495 in the market.



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