Prime Commercial Bank Holds Seventeenth Annual General Meeting

The 17th Annual General Meeting of Prime Commercial Bank Limited was held on Mangsir 19, 2081, at the Bhadrakali Auditorium. The meeting, chaired by Mr. Rajendra Das Shrestha, approved a 5% cash dividend from the previous year's profits.

The bank reported an outstanding balance of Rs. 19 Arba 40 Cores. In the fiscal year 2080/81, the bank's loans grew by 18.92% to Rs. 1 Kharba 93 Arba, and deposits increased by 20.69% to Rs. 2 Kharba 15 Arba.

Operating profit surged by 1,772% to Rs. 7 Arba 51 Crore. Chairman Shrestha emphasized the bank’s strategy to boost shareholder dividends and long-term returns.

CEO Sanjeev Manandhar highlighted the bank's growth in deposits, loans, and income from net interest, fees, commissions, and other non-fund sources.