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Thaneshwar Paudel has been re-elected as the chairman of Shine Resunga Development Bank, which has its head office in Butwal. The 16th annual general meeting of the bank held on Friday was attended by Thaneshwar Paudel from the founding shareholders, engineer Suraj Upreti, businessman Birendra Bhusal and Birendra Bishta, Namrata Bhandari and Dr. from the general shareholders. Himal Bhattarai was elected as director. Professor Gopal Pandey was already elected as an independent director.
The company secretary and chief executive officer Prakash Paudel said that Thaneshwar Paudel was re-elected as the chairman of the bank in the meeting of the board of directors held after the meeting. Dr. in the board of directors of
bank. Himal Bhattarai and Virendra Bhusal are new faces and others are old faces. Newly elected chairman Paudel said that the bank has expanded branches with priority in hilly districts with the aim of increasing banking access in urban areas as well as in rural areas and will proceed by giving more priority to digital banking.
'We have prioritized the services of remote areas,' he said, 'Since the future service is digital banking, the bank is always moving forward and in the future we will pay attention to modern and secure technology.' The bank claims that Resunga is the only national level development bank in Lumbini province.
The general meeting held in Manigram of Rupandehi has unanimously passed the proposal to distribute 5 percent cash dividend (including tax purposes) and 3 percent bonus shares of the paid-up capital. 8 billion authorized capital and issued and paid-up capital equal to 4.73 billion 3.6 billion, after distribution of bonus shares, the paid-up capital will reach 4.87 billion. According to Paudel, the chief executive officer of
bank, the bank is currently providing services through 88 branches, one extension counter, and 16 ATM machines. The bank, which has 7 lakh 5 thousand 58 savers, has provided loans of various nature to 17 thousand 135 people. 738 employees are working in the bank.
According to the latest financial statement of the bank, total deposits are 67.17 billion 95 million, loans and securities are 55.92 billion 10 million and earnings per share are 14.48 percent. The capital ratio of the bank is 12.56 percent.
Bank won three titles including Best Bank from Nepal and Best Managed Development Bank twice in Nepal under the Emerging Asia Banking Awards last year.
