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Annual Report
2011-12
Annual Report
2011/12
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A Class Institution Licensed by Nepal Rastra Bank
Inaguration of Sanima as a Commercial Bank by Governor Dr. Yuba Raj Khatiwada
CONTENTS
Our Mission
4
Capital Structure
4
Shareholding Pattern
4
Profile 4
Chairmans Message
7
Message from CEO
10
Message from Brand Ambassador
13
Financial Highlight
14
Board of Directors
16
Directors Report
17
Corporate Social Responsibility/Loyalty Programs
22
Management Team
26
Our Business
28
Training/Development/Sports 30
Products and Services
31
Sanimas footprints across the country
32
Auditor Report
33
Financial Statements
34
Our Mission
To provide customer-focused banking and financial
solutions in a simplified manner and to add value to
stakeholder interests.
Capital Structure
Authorised Capital: Rs. 2,100 million
Issued Capital: Rs. Rs.2, 016 million
Paid-up Capital: Rs. 2,016 million
Shareholding Pattern
Promoters: 70 %
General Public: 30 %
Profile
Sanima Bank Limited (Sanima) started its banking journey in 2004 as
a national level B class development bank. The Bank is promoted
by prominent and dynamic non-resident Nepali (NRN) businessmen.
Taking corporate governance as its top priority aside from being customer-oriented, Sanima has been able to establish itself as an A
class commercial bank of the country. The vision of the bank is optimum mobilization of resources for national development. Sanima has
progressively continued to be profitable since its operation. Sanima
believes that the customer is king and pledges to deliver products
and services in a customized and simplified manner.
Ever since its inception, Sanima has offered a wide range of products
and services best suited to customers needs. Dedicated and hospitable professional employees are our strength and they have been able
to win the hearts of customers and stakeholders by ensuring high
standards of quality service and corporate governance. In line with
extending our reach to every citizen of the country, we have today
22 full fledged branches across the country. Our expansion plan is
underway to have more footprints in different parts of the country.
Sanima has always taken the initiative for the wellbeing of the society
in which it operates and has been contributing to different sectors like
health, employment, and education. We assure our commitment to
give continuation to such a noble cause.
Consistency in performance is what

we aim for, and this is why Sanima
is a bank you can depend on.
Annual Report 2011/12
Dear Shareholders,
It is with immense pleasure that I welcome you all
to the 8th Annual General Meeting of Sanima Bank
Limited (Sanima) on behalf of the Board of Directors and myself. The Bank has completed eight years
of its operation. Despite the unfavorable situation
in the financial sector, the Bank has been able to
achieve success. For this achievement, I would like to
thank all our stakeholders.
With continuous net profits since the beginning of
our operations, we have continued to expand our
area of functioning as well as our branches in this
fiscal year too. Now, the Bank has 22 branches and
more than 72,000 customers throughout the country. The Bank has opened its new branch at Butwal
(trading hub) in this fiscal year and will be providing
banking services from Baneshwor and Teku shortly.
We have been providing banking services to our
6
Sanima Bank
customers from remote areas like Khandbari of

Sankhuwasabha and Myanglung of Terhathum where
banking access to the people is very low. The same
will be continued in the coming days as well. Despite the tough competitive banking environment
and the ongoing entry of new banks and financial
institutions, we have been able to establish ourselves
as a commercial bank, thereby increasing our deposits, risk assets, and profit. During Fiscal Year 2068/69,
we could register a net profit of Rs.121.77 million. It
has been proposed to provide 5.50 % cash dividend
out of the net profit to shareholders.
We have set up our own independent internal audit
department which reports directly to the Audit Committee. Our statutory auditor is CSC & Co. We have
ensured an environment where our internal audit can
work independently and our Audit Committee is committed to implement feedbacks and suggestions pro-
Chairmans Message
Despite the tough competitive banking environment
and the ongoing entry of new banks and financial
institutions, we have been able to establish ourselves
as a commercial bank, thereby increasing our deposits, risk assets, and profit.
vided independently by the auditors.The Banks success

can be attributed to due attention paid by the Bank in
the area of corporate governance and financial discipline.
Sanimas management is well aware of the need to make
its operations more participative, dynamic, and scientific.
To strengthen the morale of our valuable employees, we
also ensure increase in remuneration and benefits in line
with the market median.
Regardless of having strong policies for commencing
new commercial banks/upgradation, in FY 2068/69,
Sanima was able to receive the operating license from
Nepal Rastra Bank and came into operation as an A
class commercial bank from Falgun 3, 2068. Being in
a tough competitive banking environment, but where
there is immense potential for growth, Sanima, in order to enhance its capabilities, has executed necessary
skill development policies to groom its existing staff
besides recruiting qualified and competent personnel.
For global exposure, Sanima has tied up with 35 international financial institutions which has had a positive
impact in trade finance, remittance, and other transactions. Also, I would like to bring to your notice that
Sanima is providing full fledged services from its own
advanced and highly facilitated building, Alakapuri, at
Naxal, Kathmandu.
The Bank has introduced different deposit and lending products to develop all round diversification and
has been giving due importance to mobilizing perpetual resources for sustainable development.
Sanima is always concerned for the betterment and
upliftment of the society/community where it exists
and operates, and has been carrying out different
CSR activities contributing to various social sectors.
Sanima has donated a photocopy machine (facilitated
with scanner and printer) to Nandi Higher Secondary
School of Nagpokhari, Naxal. To mark its 7th Annual

Day, Sanima provided food and clothing to the children of Nepal Childrens Organization besides carrying out a blood donation program, free health camp,
and eye treatment and dental checkup programs
from its different branches. To provide meaningful
contribution to the poor/under-privileged people in
education, health and employment sectors, Sanima,
through a recommendation committee at the local
level from its 14 branches outside the valley (Khandbari, Myanglung, Damak, Belbari, Inaruwa, Biratnagar,
Narayanghat, Bhandara, Nepalgunj, Birgunj, Butwal,
Pokhara, Naubise, and Dhading), has selected two of
the most eligible candidates from each branch.The 28
students thus nominated have been awarded the Sanima Scholarship for higher secondary level education
in colleges of their own choice and in the interested
faculty. The scholarships provide reimbursement for
colleges fees and books and stationeries along with
a monthly stipend of NPR 2,000. Similarly, Sanima has
been providing free eye treatment by tying up with
Tilganga Eye Hospital in Kathmandu, Ramlal Golcha
Eye Hospital in Biratnagar, Butwal Lion Eye Hospital
in Butwal, and Himalayan Eye Hospital in Pokhara.
Also, Sanima has started providing self employment
trainings to 5 youth each through Dhading, Naubise,
Myanglung, Khandbari, Belbari, Damak, Inaruwa, and
Bhandara branches. Sanima also supported the community police and locals of Naxal, Kathmandu, with
Sanima Bank
NPR 150,000 for cleaning and planting trees in Narayanchaur (opposite of Alakapuri). Sanima is commited to continue such contributions in the coming
days as well.
Prerequisites required for sustainable banking business such as customer-oriented service, enhancement
of loan quality, economy in operating expenses, corporate governance, etc., will be continued as always.
I express my sincere gratitude to all our shareholders and guests for your kind presence and look
forward for your continued support and cooperation. We would like to assure that your suggestions
and recommendations will be guiding factors for us
which shall be given due consideration as appropriate. I look forward for continued directions from the
Board of Directors, dedication and hard work from
our staff members, and valuable advice and support
from all our shareholders and stakeholders.
I once again welcome you all to this 8th Annual General Meeting.
Thank you.
Jibanath Lamichhane
Chairman
A solid foundation is
what makes Sanima a
strong and reliable bank.
Message
from CEO
We shall focus on distinguishing ourselves as a
secure market player and
provider of quality services.
10
Sanima Bank
With immense pleasure and great pride, I would like to

announce that we have achieved a triumph in operating ourselves as an A class commercial bank despite
the tough banking scenario and competitive market.
Looking back to the past eight years, Sanima has been
able to be in profitable operation with good corporate
governance and now has a large base of satisfied customers. This has been possible due to the incredible
support we have received from our valuable customers, stakeholders, promoters, shareholders, dedicated
staff, and each and every person directly/indirectly associated with the Bank. I am truly grateful for their unwavering support and trust.
Moving in a bigger way, we have offered a wide range
of products and services, enhanced facilities, extended
networks, and qualified and hospitable human resources. We have introduced our own remittance service,
set up a separate department for trade finance, and
have already started bullion business. In due course,
we will be extending our reach in business areas like
Baneshwor and Teku in Kathmandu.
Being a commercial bank, we continue to ensure
well diversified portfolioswhether its in deposits
or in our risk assets. We shall also focus on distinguishing ourselves as a secure market player and
provider of quality services to all our customers
in the spirit of our sloganStrong and Reliable.
We consider our staff as our prime asset and give
high value to selection, training, and development
of skilled staff force.
Sanima is actively participative when it comes to

serving society as it believes that the existence of
any financial organization depends highly upon the
society/community where it operates. Being a responsible member of society, Sanima has been organizing various CSR programs, thus contributing to
different sectors of society.
I would like to reiterate my commitment on behalf
of the management team to take this Bank to even
greater stature in the days to come.
Thank you.
Kumar Lamsal
CEO
11
12
Sanima Bank
Message from
Brand Ambassador
Honorable Ma-Ha Jodi
Mr. Madan Krishna Shrestha and Mr. Hari Bansha Acharya, popularly known
as Ma-Ha Jodi, is the most famous duo of the Nepali film and theatre industry who have been contributing to the field of Nepals performing arts
since the last three decades. The talented duo have not limited themselves
to only acting, but have also displayed their prowess in direction and production, as well as in the musical field and in script writing. Ma-Ha is an evergreen role model for partnership, as has been proven by their professional
relationship which has lasted successfully for many years.
First of all, we would like to take this opportunity to congratulate Sanima Bank
for its upgradation into a commercial bank.Taking such a big leap is of course not
a one-day work. Seven years of continuous hard work has finally been reaped and
thus Sanima has proven itself to be a Strong and Reliable bank. Furthermore,
the Bank is promoted by Non-Resident Nepalese.
An experienced and highly qualified management team, the warm and welcoming behavior of the staff, a range of diversified and unique products, and a highly
modern and spacious corporate building of its own are the main attractions of
Sanima. With its up-gradation, the Bank is likely to come face-to-face with both
opportunities and challenges. New working areas as well as business will increase
accordingly, and we truly believe that Sanima will be successful in its endeavors.
We feel glad to be associated with Sanima Bank as its Brand Ambassador and
wish it continued success.
Madan Krishna Shrestha
Hari Bansha Acharya
13
Financial Highlight
Composition of Deposit
Composition of Income
0% 4%
1%
4%
16%
Curre nt
Saving
Exchange Fluctua on
FD
31%
Margin
Interest Income
95%
Composition of Expenses
15%
8%
Interest Expenses
Sta Expenses
Other opera ng Expenses
77%
14
Sanima Bank
Fees Commssion &

Discount
Other opera ng Income
Call
49%
0%
495,610
530,725
916,653
6,436,185
5,145,849
508,143
2,533,377
4,036,986
121,770
85,738
21,486
57,760
155,220
9,641,286
2,105,770
All figures in 000s NRs
2008/09
2009/10
2010/11
2011/12
2008/09
2009/10
2010/11
2011/12
2007/08
Growth in Loans and Advances
2008/09
2009/10
2009/10
2010/11
2011/12
Growth in Reserve and Surplus
2007/08
2009/10
2010/11
Growth in Deposit
2011/12
355,456
2007/08
122,658
81,737
2008/09
2011/12
216,346
6,356,737
5,760,495
4,417,504
2,880,871
102,691
113,581
2008/09
74,795
64,395
47,056
2007/08
2010/11
Growth in Investment
11,178,734
Growth in Profit
2007/08
418,584
2007/08
2008/09
2009/10
2010/11
2011/12
Growth in Net Interest Income
15
Board of Directors
16
1. Chairman
Jibanath Lamichhane
2. Director
Binay Kumar Shrestha
3. Director
Ram Krishna Shah
4. Director
Dr. Biswo Poudel
5. Director
Shamba Lama
6. Director
Mahesh Ghimire
7. Director
Bharat Kumar Pokhrel
8. Company Secretary
Rudra Banjara
Sanima Bank
Directors Report
Dear Shareholders,
We are pleased to greet our shareholders at this 8th Annual General Meeting and take this opportunity to present
the report, together with the Balance Sheet, Profit and Loss Account, and Cash Flow Statement for Fiscal Year
2011/12 and Auditors Report for necessary discussion and approval.
Snapshot of Last Years Performance

A. Country's Economic Condition
According to the preliminary estimates of the Central Bureau of Statistics, the real gross domestic
product (GDP) at basic price grew by 4.6 percent
in FY 2011/12 compared to 3.8 percent last year. In
the review year, the growth rates of agriculture and
non-agriculture sector are estimated at 4.9 percent
and 4.3 percent respectively. In the previous year,
agriculture and non-agriculture sectors grew by 4.5
percent and 3.4 percent respectively.
Total consumption to GDP ratio is estimated to
have dropped to 90.0 percent in FY 2011/12 compared to 91.4 percent in the previous year. Likewise,
total investment to GDP is estimated to have increased marginally to 32.8 percent in the review
year compared to 32.5 percent in the previous year.
The macroeconomic indicators of the country
remained satisfactory in FY 2011/12. Economic
growth remained higher in comparison to the past
two years. Inflation stood at lower level and the
government revenue mobilization remained higher
than the previous year. Budget deficit is within the
desired limit. Export growth remained higher compared to previous year and import growth also
remained at desired level. Despite the high trade
deficit, current account surplus remained at higher
level and BOP surplus reached a historical level,
leading to remarkable increase in foreign exchange
reserve. A positive sign has been seen in the sluggish share market and real estate transactions.
Increased deposit mobilization of BFIs has put an
end to liquidity crunch in the banking system. The
declining trend in the lending rates is creating a
favorable environment for investment.
A provision has been made whereby licensed A,
B and C class BFIs could establish a subsidiary
company with at least 51 percent ownership for
mutual fund or merchant banking activities after ap-
proval from Nepal Stock Exchange Ltd. and following

existing policy provisions on investment.
NRB has been using open market operations as the
main instrument to manage liquidity in the banking
system. Liquidity is managed through open market
operations on the basis of liquidity indicated by
weekly liquidity monitoring and forecasting framework. NRB mopped up net liquidity of Rs. 7.66 billion through open market operations in FY 2011/12
of which Rs. 8.40 billion was mopped up through
outright sale auction and Rs. 0.74 billion was injected
through repo auction.
The average inflation rate during 10 months of FY
2011/12 had stood at 7.8 percent as compared to
the annual average inflation rate of 9.6 percent in the
previous year.The y-o-y inflation in mid-June of 2012
remained at 9.9 percent as against 8.8 percent during the same period of the previous year. As a result,
the average inflation rate during the 11 months of
2011/12 has stood at 8 percent. In the review period,
the inflation rate of food as well as non-food and
services groups remained at 9.9 percent. Such rates
were 14.3 percent and 4.3 percent respectively during the same period of the previous year.
The overall balance of payments (BOP) recorded its
highest ever surplus of Rs. 113.22 billion during the
eleven months of FY 2011/12 due to the noteworthy improvement in the external sector transactions.
The overall BOP had witnessed a deficit of Rs. 335.6
million during the corresponding period of the previous year.The overall BOP surplus stood at its historic
high during the review period mainly due to the improvement in world economic outlook, high surplus
(Rs. 61.56 billion) in the current account arising from
the amelioration in merchandise exports and inflows
of remittances due to the depreciation of Nepalese
rupee against the US dollar and surplus in the net
services coupled with the substantial surplus (Rs.
15.15 billion) in the capital account. Despite an im-
17
provement in the merchandise exports due to the

persistent depreciation of Nepalese currency vis--vis
US dollar during the review period, trade deficit could
not be checked as expected due to an increase in the
import volume and price of petroleum products and
raw materials.Total trade deficit during the 11 months
of FY 2011/12 reached Rs. 352.36 billion.The share of
India in total trade deficit stood at 64.4 percent.
Review of Financial Position and Operational
Results
Although the political instability still prevalent in the
country has led to lack of opportunities and tough
competition, the Bank has been able to achieve significant growth in terms of deposit, lending and diversification of portfolio. It is well known that the
Bank has been able to earn net profits since its inception and has always operated taking into consideration the overall concern of its stakeholders. We
believe this has been clearly depicted in the summarized table presented below.
Deposit Collection
In this fiscal year, the liquidity in the market eased
somehow although the competition among the
financial institutions remained tough in the market. The Bank has been able to increase total deposits to Rs. 11,178,734,000 with a growth of 76
percent over last years deposits. In this fiscal year,
the Bank mainly concentrated on the diversification
of its deposit portfolio, changing its focus to opening of new accounts thus collecting deposits from
individual depositors. As a result, at the end of the
review period, the proportion of individual depositors was 56 percent of the total deposit portfolio.
Major Financial Indicators

S.N. Particulars

1
Paid Up Capital
2
Reserve & Surplus
3 Deposits
4
Investment
5
Loans and Advances
6
Net Operating Income
7
Net Operating Expenses
8
Operating Profit
9
Net Profit
18
Sanima Bank
With the same objective, the Bank launched various

new products and services besides re-featuring its
existing products and simplifying its services. A new
saving scheme, Sanima Commitment Saving Scheme,
with its own unique features was launched in this fiscal year. Similarly, the service of unlimited free withdrawals from ATM of SCT Network has become
more popular among customers and has resulted in
a larger increment of accounts.
Loans and Advances
During this fiscal year, the total loans and advances have
increased by 50 percent and reached Rs. 9,641,286,449.
The Bank has always focused on lending to small and
medium scale enterprises, the deprived sector, areas of
national importance and service oriented industries,
with the belief that growth in these sectors leads to
overall growth of the nation.As per the directives given
by Nepal Rastra Bank, the Bank has a portfolio of Rs.
219,232,154 in the deprived sector lending. At the end
of Fiscal Year 2011/12, the portfolio of Real Estate Loan
is 11.21 percent and the portfolio of Real Estate and
Housing Loan is 16.33 percent. Credit to Capital plus
Deposit Ratio of the Bank is 72.82 percent. All the ratios mentioned above are well below the guidelines set
by Nepal Rastra Bank.
Sanima has always thrived on managing a balanced
portfolio of loans and advances due to which it has
always been able to manage its Non Performing Assets (NPA) at low levels. This proves the efficiency of
bank in managing credit risk. The Bank has always focused in the hydropower sector which has a direct
impact on the nations development. At this moment,
the Bank would like to emphasize that it will continue
Rs. in thousands
F.Y.
F.Y.
F.Y.
F.Y.
F.Y. Increase
2007/08
2008/09
2009/10
2010/11
2011/12
%
384,000
805,166
806,400
2,016,000
2,016,000
0
47,056
64,395
74,795
102,691
113,581
11
2,880,871 4,417,504 5,760,495 6,356,737 11,178,734
76
508,143 530,725 495,610 916,653
2,105,770 130
2,533,377
4,036,986
5,145,849
6,436,185
9,641,286
50
98,020
160,954
256,602
395,369
474,453
20
43,834
62,308
109,842
140,161
232,026
66
33,604
78,701
135,408
241,935
190,613
(21)
21,486
57,759
85,738
155,220
121,770
(22)
to invest in projects having long term impact in the

economic development of the nation.
Profit
Continuing its tradition of being able to earn net
profits every year since its inception, Sanima has
been able to achieve a net profit of Rs. 121,769,566
which is 21.55 percent reduction over last years net
profit figure. Accepted reasons behind the stated reduction in the net profit are as follows:
To convey the message of upgradation into A
class commercial bank to general public and its
stakeholders along with the purpose of brand
promotion and brand image building, more promotional expenses incurred in this fiscal year over
last years promotional expenses. It is believed
that these promotional activities will help the
Bank to create its brand image in future directly
or indirectly.
n
The Bank has started operation from its own
newly constructed building, this also led to
increase in the Banks operational cost to some
extent. However, this has helped to create the
perception of a strong bank thus building public
confidence to transact with the Bank.
n
Some additional provisions are to be made for
deficit management.
n
Business growth after being A class institution will be mainly reflected in the coming fiscal
year. So, net profit figures seem to be less in
this fiscal year.
n
Capital, Reserve and Surplus

The position of paid-up capital remained unchanged
in this fiscal year. The total statutory and independent
funds plus total reserve and surplus is Rs. 113,580,523.
Net primary and supplementary capital are 19.86 percent and 0.93 percent respectively. New directives issued by Nepal Rastra Bank related to capital adequacy
have been followed in both the cases.
Branch Expansion
In Fiscal Year 2011/12, the Bank has expanded its
branch network at Butwal, which is considered as major trading hubs of Nepal.The Bank is planning to open
four new branches inside and outside Kathmandu Valley. Currently, the Bank is operating with 22 branches
including a branch at the Head Office. The Bank will
give continuity to branch expansion in future as well.
ATM Services
In order to facilitate 24-hours banking service, the
Bank is operating a total of four Automatic Teller
Machines (ATMs) at Nagpokhari and Chuchchepati
in Kathmandu, Naubise in Dhading and Myanglung in
Terhathum. The provision of free withdrawal service
from all the ATMs using our debit cards has received
an overwhelming response. With this, customers
can withdraw freely from over 1,100 ATMs of SCT
Network. To increase its network and cover a wider
area, the Bank has already started a feasibility study
of using ATM cards of VISA network.
Human Resource
A lack of efficient human resource has been felt due to
opening of new banks as well massive network expansion by existing banks.This has also resulted in difficulty
in appointing and developing efficient manpower. After
the upgradation into A class Commercial Bank, the
Bank sees this as more challenging and has already initiated a process of managing efficient human resource.At
the end of fiscal year 2010/11, the total number of staff
was 232 (two hundred and thirty-two). Furthermore, in
order to develop and train its current human resource,
the Bank has initiated various in-house and external
trainings. The Bank has also formed a sub-committee
comprising of non-executive directors for appointments, formulation of employee service regulations and
increment in salary and allowances. In order to retain
and motivate staff, the Bank has always sought ways to
strengthen its employee retention policy and to provide
appropriate increment of salary and allowances.
Information and Technology
The Bank has already upgraded to Pumori-IV from
Pumori-III since Fiscal Year 2009/10 which has resulted in a more secure, user-friendly and advanced
system. In addition to this, the Bank has always
sought for customization and up-gradation of its
information technology system for smooth and scientific daily operations. Furthermore, new services
like electronic cheque clearing under Nepal Clearing House Limited and SWIFT for international payments and Letter of Credit (L/C) businesses have
been implemented in the system.
Industrial and business relationship
Sanima is run by experienced bankers.There has been
very smooth and cordial relationship between the
management and the employees of the Bank which
19
also shares sound and mutually beneficial relationship

with different business groups and individual customers by providing fast and simplified banking services.
Sanima has been able to gain the trust and confidence
from different social sectors and is always concerned
about fulfilling those expectations.
Changes in Board of Directors
In this fiscal year, Dr. Jugal Bhurtel, Mr.Arun Kumar Ojha,
and Dr. Niraj Govinda Shrestha have resigned from the
post of Directors citing their personal reasons, which
has been approved by the Board of Directors. The
Bank would like to thank Dr. Jugal Bhurtel, Mr. Arun
Kumar Ojha, and Dr. Niraj Govinda Shrestha for their
contribution during their tenure. Mr. Binaya Kumar
Shrestha, Dr. Biswo Poudel, and Mr. Ram Krishna Shah
have been appointed as new members in the Board of
Directors for the remaining period. The Bank would
like to welcome all the new members. The same has
been presented for ratification in this Annual General
Meeting and it is believed that the same will be ratified.
Remittance
In order to provide better and more reliable remittance services and to serve a wide array of customers
living in Nepal and abroad, the Bank has started its own
remittance service in the name of Sanima X-press. For
the same, the Bank has already appointed more than
300 agents in different locations of the country.
In a continuous effort to expand its remittance services, the Bank has entered into agreements with Deniba
International Exchange (UAE), Everest Money Limited
(UK) and Economic Exchange Center (UAE). Such tieups have made our customers living in UAE and UK
easier to send their money to Nepal in a more safe
and convenient manner. The reach of this service will
be made broader in future so that this service will be
available from other countries as well.
Upgradation
As per the consent received from Nepal Rastra
Bank, the Bank has started its operation as A class
institution from February 15, 2012. This was a great
achievement for us, the dream to become a commercial bank has been realized. This has also provided us both challenges and opportunities to present better returns to our stakeholders. The Bank is
determined to become a strong, reliable bank of first
choice for its stakeholders and the general public.
20
Sanima Bank
Corporate Building "Alakapuri"

The Bank has already started its operations from its
own new building.The total cost for the construction
of the building was around NPR 203.10 Million.
Corporate Governance
The Bank has been operating by fully complying
with the Bank and Financial Institution Act 2063
and directives of Nepal Rastra Bank. The primary
focus of the Bank has always been good corporate
governance and it has always complied with directives and circulars regarding corporate governance.The Bank has always complied with the Know
Your Customer (KYC) and Anti Money Laundering
(AML) directives. New directives related to capital
adequacy as per Basel-II have been followed rigorously. The Bank has been following all the directions and suggestions given through Nepal Rastra
Bank directives, onsite inspection and internal and
external auditor reports. The Bank has also always
striven for good corporate governance.
Internal Control System
An Audit Committee has been formed for implementation of extensive/internal control procedures.
The committee looks into the suggestions and directions made by external and internal auditors and
directs for its implementation too. The committee
also suggests for making internal control procedures
more stringent. Besides these, for the smooth operation of the Bank, the front and back offices have
been segregated under internal control system.
Finally, on behalf of the Board of Directors, I would
like to express my heartfelt thanks to all shareholders, customers, employees, concerned institutions of
Nepal Government, Nepal Rastra Bank, Nepal Stock
Exchange Limited, Company Registrars Office, Security Board, Internal Auditors, statutory auditors,
journalists, and all others for their support and suggestions. We expect the same kind of help and suggestions in the upcoming days as well.
Thank you,
On behalf of the Board of Directors
Jibanath Lamichane
Chairman
Date:
Sanimas strength lies in its ability

to provide customized financial
solutions to suit the need of each
and every customer.
21
Corporate Social Responsibility/

Loyalty Programs
Corporate Social Responsibility (CSR) has always been
an integral part of Sanima. We are very much concerned for the development of the community/society
where we work and are eager to make consistently
meaningful contributions addressing their needs. As a
social duty, this year too, we have served our community/society in different sectors like health, education
and employment. Sanima believes that development of
communities/societies ultimately means development
of the country as a whole.As far as service to our customers is concerned, we have been carrying out several loyalty programs besides marking various occasions
to show our appreciation for the valuable support and
trust they have in us.
Among others, the follwing CSR and loyalty programs
have been conducted during this fiscal year:
Corporate Social
Responsibility
Scholarship/Eye Treatment/Self-Employment
Trainings
With the intention of contributing in whatever
way we can towards the development of society,
Sanima has started providing Scholarships, Free
Eye Treatments and Self Employment Trainings to

poor/under-privileged students/people throughout the country from its branches outside the
Valley. The main objective of this initiative is to
help out those needy people who are financially
unable to achieve these basic foundations of selfgrowth.
Sanimas Scholarship Program
Eligible students who are unable to manage fees
for their higher secondary level education are
awarded Sanimas Scholarships. 28 students from
14 branches are reimbursed for full tuition fees
and books and stationeries and provided with a
monthly stipend of NPR 2,000 per student. Students can join colleges of their own choice and in
the interested faculty.
n
For the selection of the most deserving candidates,

Recommendation Committees have been formed in
each branch comprising of reputed and distinguished
figures of the local community. Recommendations
are based on a thorough examination of each applicant which includes a visit to their homes and individual interviews.
Total cost borne for Sanima Scholarship this year is NPR 1.122 Million and expected cost for next year is NPR 2.244 Million.
22
Sanima Bank
n Free Eye Treatment & Self

Employment Trainings
We have tie-ups with several eye hospitals for providing free eye treatment to those people who are unable to bear the expenses. To name a few Tilganga Eye
Hosptal in Kathmandu, Ramlal Golcha Eye Hospital in
Biratnagar, Butwal Lion Eye Hospital in Butwal, Himalayan Eye Hospital in Pokhara and Tilganga Eye Hospital
in Kathmandu. Along with the treatment expenses, patients referred to Tilganga Eye Hospital are also provided with stay and a travelling allowances.
Blood Donation
On the occasion of 8th Annual Day, we organized blood donation programs from our branches
outside and inside the Valley, specifically, Damak,
Belbari, Inaruwa, Biratnagar, Narayangarh, But-
Similarly, with an objective to provide employment opportunity to youth for their career development, we are providing self employment
trainings to five most needy candidates from our
branches, namely Khandbari, Myanglung, Damak,
Belbari, Inaruwa, Dhading, Naubise and Bhandara.
Some of the branches have already started providing trainings available in local institute as per
the candidates interest along with the required
materials, certification charges and daily lunch
expenses.
wal, Kumaripati, Chuchchepati and Suryabinayak.

The programs were held successfully with the
full support and participation of the locals. More
than 522 people donated their blood, making the
event meaningful.
23
Tree Plantation at Narayanchaur

Sanima has supported Naxal Community Service
Center with NPR 150,000.00 for cleaning and planting different flowering and non-flowering trees at
Narayanchaur (opposite of Sanima Bank). Sanima has
always been supportive of such noble acts.
Gifts to Senior Citizens
Gifts to Nari Account Holder
24
Sanima Bank
Customer Loyalty
Program
With due respect to our customers for their

valuable support and belief in us for such a long
period, we distributed gifts to mark the auspicious occasions of Fathers Day and Teej.
You can rely on Sanimas welltrained staff to provide fast and

simplified banking services.
25
Management Team
From left to right

1. Kumar Lamsal
Chief Executive Officer
2. Sarju Kumar Thapa

Senior Relationship Manager
6. Niraj Dhakal
5. Samir Jung Rayamajhi
Head - GS,BE & Remittance Head - Internal Audit
26
Sanima Bank
3. Sushil Ratna Bajracharya

Head - Information Technology
4. Tej Bahadur Chand

Deputy Chief Executive Officer
10. Roshan Chandra Gautam

9. Rudra Banjara
Company Secretary & Head - Share Head-Liability Marketing
7. Saroj Guragain
Head - Treasury, Finance & Planning
8. Bobby Singh Gadtaula

Head - Central Operations
11. Santosh Koirala

Head - Retail Banking
13. Pawan Kumar Acharya

12. Sugat Manandhar

Senior Relationship Manager Head - Credit Risk & HR
27
Our Business
To provide one window financial solutions to our
customers with a wide range of products and services is only our motto. We believe in a mutually
beneficial customer centric relationship and are
committed to exceeding customer expectations
in all areas of our business through consistent
processes, innovations, and improvements. We endeavor to empower each of our employees so as
to make them proactive in supporting continuous
improvement. We are always working to continuously improve products, services and processes to
anticipate and exceed the needs of our customers.
Driven by our new slogan ;an clg ljZj;gLo,
(Strong and Reliable) we want our customers to
perceive us as a strong bank that they can rely on for
all their financial needs. We believe that this slogan
has created a trustworthy and reliable image of the
Bank in the customers mind.
Deposits
The Bank has introduced a variety of deposit
products that are designed to suit the needs of a
wide array of customers. Deposit schemes include
simple and easy savings like Sanima Sulav Savings,
high yield savings like Sanima Premium Savings,
and specialized products like Sanima Naari Savings and Seniror Citizen. The Bank also offers
attractive interest rates coupled with a good service package to tap institutional deposits too. Beside these, the Bank also has attractive returns
for those willing to have their funds deposited in
fixed terms deposits, with a wide option of terms
and conditions.
Business Banking
A dedicated Business Banking Department takes care
of the big corporate houses and serves them with customized products and services designed to cater to
their needs. Our large capital base and rich experience
of dealing with big projects gives Sanima the required
lending strength for high volume credit. Sanima is ranked
with a few premier banks in Nepal in terms of volume
in hydropower project finance. Sanima, along with its
sustained growth, looks forward to invest in numerous
big projects in various sectors including hydropower and
infrastructure development. Our Relationship Managers
are always at the customers service should there arise
the need for any expert financial advice.
Retail Banking
Retail Banking Department offers a broad range
of products and services to meet the borrowing,
wealth management and transaction needs of individuals and small businesses. Sanima Auto Loan
and Sanima Home Loan are some of our popular
products. Besides, Sanima is catering to the needs of
hundreds of small and medium enterprises (SMEs) as
well. We have also recently introduced Sanima Gold
Loan, a fast and easy loan facility against gold.
Consortium Financing
This is another specialized lending activity of the
Bank. The Bank has a history of engagement in consortium financing in the capacity as the Lead or Colead Bank. The Bank has proper monitoring mechanisms in place to enable prompt actions that ensure
successful implementation and operation of projects
under consortium financing.
United Cement Pvt. Ltd, Naubise Dhading

(A Clinkerisation Unit financed through consortium financing in which Sanima is one of the participating Banks)
28
Sanima Bank
Bhairabkunda small Hydropower Project, Sindhupalchowk

(Hydropower Project of 3MW financed under consortium arrangement under the lead of Sanima)
Shivam Cement Pvt. Ltd, Hatiya-4, Makawanpur

(Financed under consortium in which Sanima is one of the participating Banks)
29
Training/Development/Sports
In House Training
Sanima Criket Team
30
Sanima Bank
Products and Services
Deposit Accounts
n Sanima Sulav Savings
n Sanima Naari Savings
n Sanima Senior Citizens Savings
n Sanima Muna Savings
n Sanima Prime Savings
n Sanima Shareholders Savings
n Sanima Fixed Deposits
n Sanima Commitment Saving
Loans
Sanima Home Loan
n Sanima Auto Loan
n Sanima Small Business Growth Loan
n Sanima Hire Purchase Loan
n Sanima Project Financing
n Sanima Margin Lending
n Sanima Business Loan
n Sanima Education Loan
n Sanima Tractor Loan
n Micro Finance Loan
n Sanima Gold Loan
n Sanima Awasiya Ghaderi Karja
n
Ancillary Services
SMS Banking
n Sanima Debit Card
n Sanima iBanking
n Sanima Safe Deposit Locker Facilities
n Utility Bill Payments
n Remittance
n Foreign Exchange Transactions
n Any Branch Banking System
n Travelers Cheque
n
31
Sanimas footprints across the country

Head Office
Alakapuri, Naxal, Kathmandu
G.P.O. Box: 20394
Phone: +977-1- 4428977, 4428979,
4428980
Fax: +977-1-4428969
SWIFT: SNMANPKA
Email: sanima@sanimabank.com
Damak
Branch Manager -Phanindra Dahal
Main Road, Ward No.13, Damak, Jhapa, Nepal
Phone: 023-585161
Fax: 023-585162
Newroad
Branch Manager -Prakash Karki
KhichaPokhari, New Road, Kathmandu, Nepal
Phone: 01-4233669,01-4233668
Fax: 01-4233673
Dhadingbesi
Branch Manager -Bishnu Lal Shrestha
Bich Bazar, Dhadingbesi, Dhading
Phone: 010-520967
Fax: 010-520968
Kumaripati
Branch Manager -Bimal Bastola
Kumaripati, Lalitpur
Phone: 01-5008597, 01-5008598
Fax: 01-5008596
Pokhara
Branch Manager-Bhabuk Tandukar
New Road, Pokhara, Kaski, Nepal
Phone: 061-525042
Fax: 061-525043
Narayangarh
Branch Manager -Dinesh Gautam
Pulchowk, Narayangarh, Chitwan, Nepal
Phone: 056-571959, 571761
Fax: 056-571968
ATM Available at
Head Office
Naubise Branch
Myanglung Branch
Chuchchepati Branch
32
Sanima Bank
Suryavinayak
Branch Manager -Prabin Jonchhe
Suryavinayak, Bhaktapur, Nepal
Phone: 01-6614515, 6619384
Fax: 01-6619385
Myanglung
Branch Manager-Sanjay Dewan
Bich Bazar, Myanglung-1, Terathum
Phone: 026-460734
Fax: 026-460735
Chuchchepati
Branch Manager -Romila Koirala
Chuchchepati, Kathmandu, Nepal
Phone: 01-4490041, 6222806
Fax: 01-4499507
Nepalgunj
Branch Manager -Ankit Khanal
Dhamboji Chowk, Nepalgunj-1
Phone: 081-521897
Fax: 081-521898
Inaruwa
Branch Manager-Bishal Ghimire
Main Road, Inaruwa, Nepal
Phone: 025-561747
Fax: 025-561748
Khadbari
Branch Manager-Subash Rai
Khandbari, Sankhhuwasabha
Phone: 029-560986
Fax: 029-560987
Belbari
Branch Manager-Lal Babu Shah
Main Road, Ward No. 2,
Belbari, Morang
Phone: 021-546082
Fax: 021-545348
Biratnagar
Branch Manager-Sudip Kumar Halwai
HanumanDas Road Biratnagar-8
Phone: 021-440991/92/93
Fax: 021-440994
Bhandara
Branch Manager -Dhal Bahadur Khadka
Main Road, Ward No. 1,
Bhandara, Chitwan
Phone: 056-550656
Fax: 056-550657
Gongabu
Branch Manager -Kavindra Pal
Gongabu, ward No- 4 'Ga' , Kathmandu
Phone: 01- 4389378, 4389388
Fax: 4389520
Chapagaun
Branch Manager-Samik Dhungana
Chapagaun, ward No-4, Lalitpur
Phone: 01-5574216,5574561
Fax: 5572184
Naubise
Branch Manager-Lok Bahadur Timalsina
Sim Bazaar, Naubise-7 Dhading
Phone: 010-401014
Fax: 010-401036
Birgunj
Branch Manager-Narayan Prasad Khatiwada
Link Road, Birgunj-10, Parsa
Phone: 051-529185/86, 529405
Fax: 051-529406
Butwal
Branch Manager-Niraj Simkhada
Amarpath, Butwal-8, Rupandehi
Phone: 071-545497/98
Fax: 071-543747

Kalanki
Branch Manager -Satya KC
Kalanki, ward No-14, Kathmandu
Phone: 01-4670771,4670772
Fax: 4670773
Free withdrawals from over 1,100 ATMs and 1,341 POS terminals
throughout the country in SCT Network by using Sanima Debit Card.
Sanima Debit Card can be used all over India in ATMs of Punjab National Bank.
Balance Sheet
as on Ashad 31, 2069 (July 15, 2012)

Capital & Liabilities
1
2
3
4
5
6
7
8
9
Schedule
Share Capital
Reserves and Funds
Debentures and Bonds
Borrowings
Deposit Liabilities
Bills Payables
Proposed and Payable Dividend
Income Tax Liabilities
Other Liabilities
4.1
4.2
4.3
4.4
4.5
4.6

4.7
Total Capital Liabilities
Assets
Schedule
1
2
3
4
5
6
7
8
9
Cash Balance
Balance with NRB
Balance with Banks/Financial Institutions
Money at Call and Short Notice
Investments
Loans Advances and Bills Purchase
Fixed Assets
Non-Banking Assets
Other Assets
Current Year Rs.

2,016,000,000
113,580,523
-
88,250,000
11,178,734,351
-
110,880,000

215,021,267
2,016,000,000
102,690,956
658,000,000
6,356,737,379
131,040,000
13,722,466,141
9,363,380,873
Current Year Rs.
Previous Year Rs.
4.8
4.9
4.10
4.11
4.12
4.13
4.14
4.15
4.16
Total Assets
Previous Year Rs.
256,197,727
1,005,249,544
111,615,471
-
2,105,770,255
9,531,504,834
479,044,422
-
233,083,888
13,722,466,141
Contingent Liabilities
Directors Declaration
Statement of Capital Fund
Statement of Risk Weighted Assets
Principal Indicators
Principle Accounting Policies
Notes to Accounts
Statement of Loan taken by Promotors
Comparision Between Unaudited and Audited Financials
Unaudited Financial Highlights certified by Internal Auditor
Schedule
Schedule
Schedule
Schedule
Schedule
Schedule
Schedule
Schedule
Schedule
Schedule
98,912,538
147,095,662
326,975,202
52,235,738
1,049,936,449
916,983,033
6,371,323,985
361,072,445
137,758,359
9,363,380,873
4.17
4.29
4.30
4.30 (A)
4.31
4.32
4.33
4.34
4.35
4(A)
Schedules 4.1 to 4.17, 4.32, 4.33, 4.34 & 4.35 form integral parts of the Balance Sheet.
As per our report of even date
Saroj Guragain
Head Finance & Treasury
Binaya Kumar Shrestha

Director
Shamba Lama
Director
Kumar Lamsal
L.D. Mahat
Ram Krishna Shah
Dr. Biswo Nath Poudel
Partner
Director Director
CSC & Co.
Chartered Accountants
Mahesh Ghimire
Director
Date : 05 October 2012 (19.06.2069)

Place : Kathmandu
34
Sanima Bank
Jibanath Lamichhane
Chairman
Director
Profit and Loss Account
For the period from July 17, 2011 to July 15, 2012 (Shrawan 01, 2068 to Ashad 31, 2069)
Particulars
1.
2.
Interest Income
Interest Expenses
Schedules
Current Year Rs.
Previous Year Rs.
4.18
4.19
1,172,200,388
753,616,780
1,038,456,715
683,000,393
Net Interest Income

3. Commission and Discount
4. Other Operating Income
5. Exchange Fluctuation Income

4.20
4.21
4.22
418,583,608
11,251,196
44,618,555
-
355,456,322
4,949,150
34,805,648
157,502
Total Operating Income

6. Employees Expenses
7. Other Overhead Expenses
8. Exchange Fluctuation Loss

4.23
4.24
4.22
474,453,359
79,987,290
151,863,729
175,238
395,368,622
55,835,896
84,325,436
-
Operating Profit Before Provision for Possible Loss

9. Provision for Possible Losses

4.25
242,427,102
52,492,738
255,207,289
13,272,070
Operating Profit
10. Non-operating Income/Expenses
11. Provision Written-Back

4.26
4.27
189,934,364
678,396
-
241,935,219
347,659
2,161,002
Profit from Regular Operations

12. Profit/Loss from extra-ordinary activities

4.28
190,612,760
-
244,443,880
-
Net Profit after considering all activities

13. Provision For Staff Bonus

14. Provision For Income Tax

This Years

Previous Years

Deferred Tax Expense/(Income)
190,612,760
17,328,433
51,514,761
51,892,481
108,909
(486,629)
244,443,880
22,222,171
67,001,354
67,105,214
496,779
(600,639)
121,769,566
155,220,355
Net Profit/(Loss)
Schedule No. 4.18 to 4.28, 4.32, 4.33, 4.34 & 4.35 form integral part of this Profit and Loss Account.


Saroj Guragain

Director
Shamba Lama
Director
Kumar Lamsal
Jibanath Lamichhane
Chairman
L.D. Mahat
Ram Krishna Shah
Partner
Director Director
CSC & Co.
Mahesh Ghimire
Director
Director
Date : 05 October 2012 (19.06.2069)

Place : Kathmandu
35
Cash Flow Statement
Particulars
Current Year Rs.
(a)
1
1.1
1.2
1.3
1.4
1.5
Cash flow from Operating Activities

Cash Received
Interest Income
Commission and Discount Income
Income from Foreign Exchange Transaction
Recovery of Written-off Loans
Other Incomes
2
2.1
2.2
2.3
2.4
2.5
Cash Payment
998,391,259
Interest Expenses
754,639,756
Staff Expenses
75,868,189
Office Overhead Expenses
110,487,169
Income Tax Paid
57,396,145
Other Expenses

1
2
3
4
Cash Flow Before Working Capital Activities

(Increase)/Decrease of Current Assets
(Increase)/Decrease in Money at Call and Short Notice
(Increase)/Decrease in Short-term Investments
(Increase)/Decrease in Loans and Advances and Bills Purchase
(Increase)/Decrease in Other Assets

1
2
3
4
Increase/(Decrease) of Current Liabilities

Increase/(Decrease) in Deposits Liabilities
Increase/(Decrease) in Certificate of Deposits
Increase/(Decrease) in Short-term Borrowings
Increase/(Decrease) in Other Liabilities
1,093,002,228
(3,571,888,915)
1,049,936,449
(1,341,761,852)
(3,205,101,454)
(74,962,057)
4,664,891,143
4,821,996,971
-
(121,750,000)
(35,355,829)
192,346,464
1,051,551,902
1,009,621,512
4,949,150
1,827,933
-
35,153,306
859,205,437
672,832,850
54,539,681
64,766,475
67,066,430
(892,268,662)
(1,512,251,066)
(32,753,334)
(154,843,353)
(1,290,336,050)
(34,318,329)
619,982,404
596,242,017
-
110,000,000
(86,259,613)
(b) Cash flow from Investment Activities

(8,132,450)
1
(Increase)/Decrease in Long-Term Investment
145,402,498.29
2
(Increase)/Decrease in Fixed Assets
(159,348,537.24)
3
Interest Income From Long-Term Investment
5,813,588.819
4
Dividend Income
-
5 Others
(317,054,181)
(266,200,000)
(55,128,351)
4,274,171
-
(c)
1
2
3
4
Cash flow from Financing Activities

Increase/(Decrease) in Long-Term Borrowings (Bonds, Debentures etc.)
Increase/(Decrease) in Share Capital
Increase/(Decrease) in Other Liabilities (Share Premium)
Increase/(Decrease) in Refinance/Facilities From Nepal Rastra Bank
(448,000,000)
-
-
-
(448,000,000)
1,316,515,844
1,209,600,000
3,715,844
103,200,000
(d)
(e)
(f)
(g)
Income/Expenses from change in Exchange Rate in Cash and Bank Balances

This Years Cash Flow from All Activities
Opening Balance of Cash and Bank Balances
Closing Balance of Cash and Bank Balances
(3,151,432.59)
846,756,139
526,306,602
1,373,062,741
Saroj Guragain
Director
Shamba Lama
Director
Kumar Lamsal
Sanima Bank
Jibanath Lamichhane
Chairman
Ram Krishna Shah

L.D. Mahat
Director Director
Partner
CSC & Co.
Mahesh Ghimire
Director
Director
Date : 05 October 2012 (19.06.2069)

Place : Kathmandu
36
213,037,794
1,211,429,053
1,151,904,711
11,251,196
2,976,194
-
45,296,951
Previous Year Rs.
(1,670,431)
297,869,034
228,437,569
526,306,602
Accumulated
Profit/Loss
General
Reserve Fund
Proposed
Capital
Bonus Share Reserve Fund
Share
Premium
Exchange
Fluctuation Fund
Deferred
Tax Reserve
Other Reserve
and Fund
Total
Amount Rs.
Opening Balance as
2,016,000,000
10,629,661
69,598,577
-
- 10,563,747
1,800,753
18,218
- 2,108,610,956
at 17 July 2011
Adjustment for Changes in
- 10,080,000
-
-
-
-
-
-
-
10,080,000
proposed dividend of last year
due to supervisory instruction
Restated Balance as
2,016,000,000
20,709,661
69,598,577
-
- 10,563,747
1,800,753
18,218
- 2,118,690,956
at 17 July 2011
Current Years Net Profit
- 121,769,566
-
-
-
-
-
-
- 121,769,566
General Reserve
- (24,353,913)
24,353,913
-
-
-
-
-
-
Proposed Bonus Share
-
-
-
-
-
-
-
-
-
Porposed Dividend
- (110,880,000)
-
-
-
-
-
-
- (110,880,000)
Exchange Fluctuation Fund
-
-
-
-
-
-
-
-
-
-
Deferred Tax Assets
(486,629)
486,629
Investment Adjustment Reserve
-
(555,000)
-
-
-
-
-
555,000
Closing Balance
2,016,000,000
6,203,685
93,952,490
-
- 10,563,747
1,800,753
504,847
555,000 2,129,580,523
Particulars

Share Capital

Statement of Changes in Equity
Financial Year 2011/12 (2068/69)
37
Profit and Loss Appropriation Account
Particulars
Schedule
Current Year Rs.
Previous Year Rs.
Income
1 Accumulated Profit up to the Last Year
2 Current Years Profit
3 Exchange Fluctuation Fund
20,709,661
121,769,566
-
27,591,595
155,220,355
-
142,479,227
182,811,950
Expenses
1 Accumulated Loss up to the Last Year
2 This Years Loss
3 General Reserve

4 Contingent Reserve

5 Institutional Development Fund

6 Dividend Equalization Fund

7 Employee Related Reserves Funds

8 Proposed Dividend
9 Proposed Issue of Bonus Shares
10 Special Reserve Fund
11 Exchange Fluctuation Fund

12 Capital Redemption Reserve Fund

13 Capital Adjustment Fund
14 Deferred Tax Reserve
15 Investment Adjustment Reserve
-
-
24,353,913
-
-
-
-
110,880,000
-
-
-
-
-
486,629
555,000
31,044,071
-
-
-
-
131,040,000
-
-
18,218
Total (B)
136,275,542
162,102,289
15 Accumulated Profit/(Loss) (A-B)
6,203,685
20,709,661
Total (A)

Saroj Guragain

Director
Shamba Lama
Director
Kumar Lamsal
L.D. Mahat
Ram Krishna Shah
Partner
Director Director
CSC & Co.
Mahesh Ghimire
Director
Date : 05 October 2012 (19.06.2069)

Place : Kathmandu
38
Sanima Bank
Jibanath Lamichhane
Chairman
Director
Share Capital and Ownership
As on July 15, 2012
Schedule 4.1
Particulars
Current Year Rs. Previous Year Rs.
1 Share Capital
1.1 Authorized Capital
2,100,000,000

a) 21,000,000 Ordinary Shares of Rs. 100 each
2,100,000,000

b) . Non-redeemable Preference Shares of Rs. each
-

c) . Redeemable Preference Shares of Rs. .. each
-
1.2 Issued Capital
2,016,000,000

a) 20,160,000 Ordinary Shares of Rs.100 each
2,016,000,000

b) . Non-redeemable Preference Shares of Rs. . each
-

c) . Redeemable Preference Shares of Rs. . each
-
1.3 Paid up Capital
2,016,000,000

a) 20,160,000 Ordinary Shares of Rs.100 each
2,016,000,000

b) . Non-redeemable Preference Shares of Rs. . each
-

c) . Redeemable Preference Shares of Rs. each
1.4 Proposed Bonus Share
-
1.5 Calls in Advance
-
1.6
Total (1.3+1.4+1.5)
2,100,000,000
2,100,000,000
2,016,000,000
2,016,000,000
2,016,000,000
2,016,000,000
-
2,016,000,000
2,016,000,000
Share Ownership
As on July 15, 2012

Particulars

This Year
Percent
1 National Ownership
100
1.1 Government of Nepal
1.2 Foreign Institutions

1.3 A Class Licensed Institutions

1.4 Other License Institutions

1.5 Other Entities/ Organizations
4.78
1.7 Individuals
95.22
1.6 Others
2 Foreign Ownership
Total
Previous Year
Share Capital Rs.

2,016,000,000
-
-
-
-
96,457,500
1,919,542,500
-
2,016,000,000
-
-
-
-
45,400,000
1,970,600,000
-
-
100
Share Capital Rs.
2,016,000,000
2,016,000,000
Percent
2.25
97.75
-
100
List of Shareholders holding 0.5 percent or more of PaidUp Share Capital

S. N. Name of the Shareholders
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Mr. ARUN KUMAR OJHA

Mr. TEKRAJ NIRAULA
Mr. JIBANATH LAMICHHANE
Dr. NIRAJ GOBINDA SHRESTHA
Mr. BINAY KUMAR SHRESTHA
Mr. GHANASHYAM THAPA
Dr. BIRENDRA PRASAD MAHATO
Mr, KHEMRAJ LAMICHHANE
M/s JAI GANESH INVESTMENT COMPANY PVT.LTD.
Mr. RAM KRISHNA SHAH
Mr. DINESHMANI SHRESTHA
Mr, DILIP SHRESTHA
Mrs. INDIRA BHANDARI
Mr. SAMBA LAMA
TOTAL
No. of Shares
Percentage
2,822,400
1735400.0
1,260,000
1,260,000
1,013,000
941,700
945,000
794,000
756,000
633,000
394,900
327,600
176,400
146,790
14.00
8.61
6.25
6.25
5.02
4.67
4.69
3.94
3.75
3.14
1.96
1.63
0.88
0.73
13,206,190
Amount Rs.
282,240,000
173,540,000
126,000,000
126,000,000
101,300,000
94,170,000
94,500,000
79,400,000
75,600,000
63,300,000
39,490,000
32,760,000
17,640,000
14,679,000
65.5 1,320,619,000
39
Reserve and Surplus
As on July 15, 2012

Particulars
1
2
3
4
5

6
7
General Reserve Fund

Capital Reserve Fund
Capital Redemption Reserve
Capital Adjustment Fund
Other Resevers
5.1 Contingent Reserve
5.2 Institution Development Fund
5.3 Dividend Equalization Fund
5.4 Special Reserve Fund
5.5 Assets Revaluation Reserve
5.6 Deferred Tax Reserve
5.7 Other Free Reserves
5.8 Other Reserve Funds
5.9 Share Premium
5.10 Investment Adjustment Reserve
Accumulated Profit/(Loss)
Exchange Equalization Fund
Total
Schedule 4.2
Current Year Rs.
93,952,490
-
-
-
-
-
-
-
-
-
504,847
-
-
10,563,747
555,000
6,203,685
1,800,753
113,580,523
Previous Year Rs.

69,598,577
-
-
-
-
-
18,218
-
10,563,747
20,709,661
1,800,753
102,690,956
Debentures and Bonds
As on July 15, 2012
Schedule 4.3
Particulars
Current Year Rs.
1

2

3
. Percent Bonds/Debentures of Rs. each

Issued on and Matured on ..
(Outstanding balance of Redemption Reserve Rs. .)
. Percent Bond/Debentures of Rs. each
Issued on and Matured on ..
(Outstanding Balance of Redemption Reserve Rs. .)

-
-
-
-
-
-
-
-
-
-
Total (1+2+3)
Note : Particulars of securities shall be disclosed in case the Debentures/Bonds are issued with assigned securities.
40
Sanima Bank
Previous Year Rs.
BORROWINGS
As on July 15, 2012

Particulars
Schedule 4.4
Current Year Rs.
Previous Year Rs.
A.

Local
1 Nepal Government
2 Nepal Rastra Bank
3 Repo Obligation
4 Inter Bank and Financial Institutions
5 Other Organized Institutions
6 Others
-
-
-
88,250,000
-
-
448,000,000
210,000,000
-
-
-
88,250,000
658,000,000
Total
B. Foreign
1 Banks
2 Others
Total

Total (A+B)
-
-
-
-
-
-
88,250,000
658,000,000
Deposits
As on July 15, 2012

Particulars
1 Non-Interest Bearing Accounts
Schedule 4.5
Current Year Rs.
Previous Year Rs.
A. Current Deposits
372,586,294
1. Local Currency
371,939,132
1.1 Nepal Government
938,912
7,210,687
1.3 Other Licensed Financial Institutions
141,477,180
1.4 Other Organized Institutions
184,983,527
1.5 Individuals
37,328,825
1.6
Others
2. Foreign Currency
647,163
2.1 Nepal Government
-
-
2.3 Other Licensed Financial Institutions
-
638,338
2.5 Individuals
8,825

2.6 Others
-
B.

Margin Deposits
1 Employee Guarantees
2 Guarantee Margin
3 Letters of Credit Margin
C. Others
1. Local Currency
1.1 Financial Institutions
1.3
Individuals
21,925,312
-
15,393,312
6,532,000
-
131,256,263
130,766,725
71,000
2,842,133
1,066,532
105,444,288
21,342,773
489,538
-
-
489,538
9,856,767
9,856,767
-
41
2. Foreign Currency
2.1 Financial Institutions
2.3
Individuals

Total Of Non-Interest Bearing Accounts
2 Interest Bearing Accounts
394,511,606
141,113,030
A. Savings Deposits
1. Local Currency
1.1 Organized Institutions
1.2 Individuals
1.3 Others
2. Foreign Currency
2.2 Individuals
2.3 Others
3,554,886,958
3,534,372,302
3,453,390
3,530,918,913
-
20,514,656

20,514,656
-
2,670,383,929
2,653,178,015
541,427
2,652,636,588
17,205,914
B. Fixed Deposits
1. Local Currency
1.2 Individuals
1.3 Others
2. Foreign Currency
2.2 Individuals
2.3 Others
5,453,987,975
5,425,571,475
2,974,218,003
2,451,353,472
-
28,416,500

28,416,500
-
2,692,287,297
2,644,084,897
1,137,958,918
1,506,125,979
48,202,400
C. Call Deposits
1,775,347,811
1 Local Currency
1,772,659,089
-
1.2 Other Licensed Institutions
560,184,361
987,125,217
1.4 Individuals
225,349,511
1.5 Others
-
2. Foreign Currency
2,688,722
-
2.2 Other Licensed Institutions
-
2,688,722
2.4 Individuals
2.5 Others
-
D.

Certificate of Deposit
1 Organized Institutions
2 Individuals
3 Others
Total of Interest Bearing Accounts
Total Deposit (1+2)
42
Sanima Bank
-
-
-
-
17,205,914
-
48,202,400
852,953,124
849,904,347
18,242
329,974,309
438,416,703
81,495,093
3,048,778
-
-
3,048,778
-
-
10,784,222,744
6,215,624,349
11,178,734,351
6,356,737,379
BILLS PAYABLE
As on July 15, 2012

Schedule 4.6
Particulars
Current Year Rs.
Previous Year Rs.
1 Local Currency
2 Foreign Currency
-
-
Total
OTHER LIABILITIES
As on July 15, 2012

Particulars
Schedule 4.7
Current Year Rs. Previous Year Rs.
1
2
3
4
5
6
7
8
9
10
11
12
Pension/Gratuity Fund
Employees Provident Fund
Employees Welfare Fund
Provision for Staff Bonus
Interest Payable on Deposits
Interest Payable on Borrowings
Unearned Discount and Commission
Sundry Creditors
Branch Adjustment Account
Deferred Tax Liability
Dividend Payable
Other Miscellaneous
8,015,720
81,723
-
17,328,433
14,464,799
473,646
719,262
18,369,806
-
-
8,893,890
146,673,988
3,896,619
22,222,171
3,627,586
12,333,835
954,683
6,372,536
3,237,685
46,267,422
Total
215,021,267
98,912,538
Cash Balance
As on July 15, 2012

Particulars
1 Local Currency (including coin)

2 Foreign Currency

Total
Schedule 4.8
Current Year Rs.
Previous Year Rs.
253,384,888
143,715,685
2,812,840
3,379,977
256,197,727
147,095,662
43
Balance with Nepal Rastra Bank
As on July 15, 2012

Schedule 4.9
Particulars

1

Nepal Rastra Bank

a) Current Account
b) Other Account
Local
Currency
F oreign Currency
Indian Currency
Convertible
1,002,323,227
1,002,323,227
-
-
-
-

Total
Current Year
Total Rs.
Previous
Year Rs.
2,926,316 2,926,316 1,005,249,544

2,926,316 2,926,316 1,005,249,544
-
-
-
326,975,202
326,975,202
-
Balance with Banks/Financial Institutions
As on July 15, 2012
Schedule 4.10
Particulars

Local
Currency
Foreign Currency
Indian Currency
Convertible

Current Year
Total Grand Total Rs.
1

2

Local Licensed Institutions

a) Current Account
b) Other Account
Foreign Banks
a) Current Account
b) Other Account
86,155,640
86,155,640
-
-
-
-
-
-
-
(18,836,158)
(18,836,158)
-
660,167
660,167
-
-
660,167
660,167
43,635,821 24,799,663
43,635,821 24,799,663
-
-
86,155,640
(18,836,158)
44,295,989
Total
25,459,831
Previous
Year Rs.
86,815,807
86,155,640
660,167
24,799,663
24,799,663
-
111,615,471
35,438,870
35,438,870
-
16,796,867
16,796,867
52,235,738
Note: Total Balance for which the confirmations are received from the respective licensed institutions is Rs. 144,747,448 and the difference
are subsequently reconciled.
Money at Call and Short Notice
As on July 15, 2012

Schedule 4.11
Particulars
44
Current Year Rs.
Previous Year Rs.
1 Local Currency
2 Foreign Currency
-
-
1,030,465,477
19,470,972
Total
1,049,936,449
Sanima Bank
Investments
As on July 15, 2012

Schedule 4.12
Particulars

Purpose

Trading Other
Current
Year Rs.
Previous
Year Rs.
1
2
3
4
5
6
7
8
9
10
Nepal Government Treasury Bills

Nepal Government Savings Bond
Nepal Government Other Securities
-
Nepal Rastra Bank Bonds
-
Foreign Securities
-
Local Licensed Institutions
-
Foreign Banks
-
Origanized Insrtitutions Shares
-
Corporate Bonds and Debentures
-
Other Investments
-
1,910,564,945
-
96,500,310
-
-
7,572,132
88,250,000
10,455,000
-
-
1,910,564,945 612,928,092
-
96,500,310
58,354,940
-
-
-
7,572,132 210,000,000
88,250,000
35,600,000
10,455,000
100,000
-
-
-
Total Investment
2,113,342,387
2,113,342,387
916,983,033
Provision
7,572,132
7,572,132
2,105,770,255
2,105,770,255
916,983,033
Net Investment
Investment in Shares, Debentures and Bonds
As on July 15, 2012

Schedule 4.12 (A)
Particulars
Cost Price
Market Price Provision Current Year Rs. Previous Year Rs.
1 Investment in Shares
10,455,000
-
- 10,455,000

1.1 Nepal Clearing House Company Ltd.
-
-
-

1000 Ordinary Shares of Rs 100 Paid up
100,000
-
-
100,000

1.2 Sanima Mai Hydro Ltd.
-
-
-
-

100,000 Ordinary Shares of Rs. 100 Paid up.
10,000,000
-
- 10,000,000

1.3 Sanima Life Insurance Co. Ltd.

350,000 Ordinary Shares of Rs. 1 Paid up
350,000
350,000

(Face Value Rs100 each).

1.4 Sanima Foundation
-
-
-

5000 Ordinary Shares of Rs. 1 Paid up
5,000
-
-
5,000

(Face value Rs 100 each).
2 Investment in Debentures and Bonds

2.1 .. Co. (Pvt. Ltd./Ltd.)

.. % Debentures/Bonds of Rs. . each

2.2

2.3 .

3

Total Investment (1+2)
Provision For Loss
3.1 Provision Up To Previous Year
3.2 Additions This Year
Total Provision
Net Investment
-
-
-
-
-
-
-
-
-
-
-

-
-
-
-
10,455,000
-
-
-
-
-
-
-
- 10,455,000
-
-
-

10,455,000
10,455,000
100,000
100,000
-
100,000
100,000
Note : Above companies have not declared the dividend in last three years.
45
Held for Trading
As on July 15, 2012
Schedule 4.12.1
Description

Cost Last Market

Current Current Year
Last Year Remarks
Price
Price Market Price Profit/(Loss) Profit/(Loss)
1 Treasury Bills Of Governement Of Nepal

2 Saving Bonds Of Government Of Nepal
3 Other Loan Bonds Of Government Of Nepal
4 Loan Bonds Of Nepal Rastra Bank
5 Foreign Loan Bonds
7 Debenture And Bonds Of Local Licensed Institutions
8 Debenture And Bonds Of Local Organized Institutions
9 Investment In Foreign Banks (Placement)
10 Interbank Lending
11 Other Investment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total Investment
Held to Maturity
As on July 15, 2012

Schedule 4.12.2
Description

46
Cost Last Market

Last Year Remarks
Price Rs.
Price Market Price Profit/(Loss) Profit/(Loss)
1. Treasury Bills of Governement of Nepal

2. Saving Bonds of Government of Nepal
3. Other Loan Bonds of Government of Nepal
4. Loan Bonds of Nepal Rastra Bank
5. Foreign Loan Bonds
6. Shares of Local Licensed Institutions
7. Debenture and Bonds of Local
Licensed Institutions
8. Debenture and Bonds of Local
Organized Institutions
9. Investment in Foreign Banks (Placement)
11. Other Investment
1,910,564,945
-
96,500,310
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
88,250,000
-
-
-
-
-
-
-
-
-
2,095,315,255
Total Investment
Sanima Bank
Available for Sale
As on July 15, 2012
Schedule 4.12.3
Description

1 Treasury Bills Of Governement Of Nepal
2 Saving Bonds Of Government Of Nepal
3 Other Loan Bonds Of Government Of Nepal
4 Loan Bonds Of Nepal Rastra Bank
5 Foreign Loan Bonds
6 Shares Of Local Licensed Institutions
7 Debenture And Bonds Of Local

Licensed Institutions
8 Debenture And Bonds Of Local

Organized Institutions
9 Investment In Foreign Banks (Placement)
10. Other Investments

10. Other Investments
Cost Last Market

Last Year
Price Rs.
Price Market Price
Fund Profit/(Loss)

Adjustment

Amount
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
18,027,132
-
-
-
-
-
555,000
-
-
18,027,132
555,000
Remarks
47
48
Sanima Bank
Insured
Domestic

Uninsured

Deprived

Others
Foreign
Total
Domestic Foreign
Total Current Year Rs.
Bills Purchased/Discounted Rs.

Previous Year Rs.
Schedule 4.13
Net Loan (A-B)
-
-
123,805
1,867,275
- 168,689,156
1,991,080
1,867,275
1,580,126
-
-
-
287,149
Total Previous Years Provision
(C)
-
-
-
-
-
-
-
-
-
-
Total Provisioning
Provisioning up to Previous Year
4.1 Pass
4.2 Restructured
4.3 Substandard
4.4 Doubtful
4.5 Bad
(B)
4

9,361,548,563
-
-
44,784,001
62,993,735
107,777,736
62,993,735
62,993,735
-
-
-
-
- 170,680,236 9,469,326,299
-
1,991,080
107,777,736
-
1,703,931
94,950,630
-
-
-
-
-
10,698,003
-
-
929,103
-
287,149
1,200,000
(D) Written Back From Previous Year

(E) This Year Additional Loan

Changes in This Year
Total Loan
Loan Loss Provision
3.1 Pass
3.2 Restructured
3.3 Substandard
3.4 Doubtful
3.5 Bad
(A)
3

-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
12,799
12,799
-
-
-
-
-
-
9,530,237,719 1,267,115
-
-
44,907,806
64,861,010
109,768,816
64,861,010
64,573,861
-
-
-
287,149
9,640,006,535 1,279,914
109,768,816
12,799
96,654,561
12,799
-
-
10,698,003
-
929,103
-
1,487,149
-
- 1,267,115
-
-
-
-
- 12,799
- 12,799
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- 12,799
- 12,799
-
-
-
-
-
-
-
-
9,531,504,834
-
-
44,920,605
64,861,010
109,781,615
64,861,010
64,573,861
-
-
-
287,149
9,641,286,449
109,781,615
96,667,360
-
10,698,003
929,103
1,487,149
6,371,323,985
2,161,002
2,161,002
11,111,068
53,749,941
64,861,010
53,749,941
51,414,901
179,509
1,485,274
670,257
6,436,184,995
64,861,010
64,573,860
-
287,149
1
Performing Loan
- 170,393,087 9,423,476,083
-
9,593,869,169 1,279,914
- 1,279,914 9,595,149,083
6,435,897,845

1.1 Pass Loan
- 170,393,087 9,423,476,083
-
9,593,869,169 1,279,914
- 1,279,914 9,595,149,083
6,435,897,845
2
Non-Performing Loan
-
287,149
45,850,217
-
46,137,366
-
-
-
46,137,366
287,149

2.1
Restructured/Rescheduled

2.2 Substandard
-
-
42,792,010
-
42,792,010
-
-
-
42,792,010
-

2.3 Doubtful
-
-
1,858,207
-
1,858,207
-
-
-
1,858,207
-

2.4 Bad
-
287,149
1,200,000
-
1,487,149
-
-
-
1,487,149
287,149
Particulars

Loans
Classification of Loans and Bills Purchased and Provisioning
As on July 15, 2012
Loans, Advances and Bills Purchased Security wise
As on July 15, 2012
Schedule 4.13(A)

Particulars
Current Year Rs.
(A) Secured
9,641,286,449
1 Movable/Immovable Assets
9,149,848,382
2 Guarantee of Local Licensed Institutions
-
3 Government Guarantee
4 Internationally Rated Bank Guarantee

5 Export Documents
6 Fixed Deposit Receipts
-
a) Own Fixed Deposit Receipt
90,168,267
b) Fixed Deposit Receipt of Other Licensed Institutions
-
7 Government Bonds
2,790,138
8 Counter Guarantee
-
9 Personal Guarantee
4,770,152
10 Other Securities
393,709,510
B. Unsecured

Previous Year Rs.

6,436,184,996
6,015,637,689
-
136,809,278
-
-
3,309,309
280,428,719
Total
9,641,286,449
-
6,436,184,995
Fixed Assets
As on July 15, 2012

Particulars

1 At Cost

a. Previous Year Balance

b. Addition This Year

c. Revaluation/Written
Back This Year

d. This Year Sold

e. This Year Written off
Schedule 4.14

Land &
Building
Assets
Rs.

Vehicles Machinery
Office

Equipment
-
-
-
-
- 37,777,356 13,899,453 65,660,832
136,316,886 11,267,600 10,660,251 66,854,743
-
-
-
-
- (1,650,000)
-
-
-
- (3,145,249)

Others
Current
Year Rs.
Previous
Year Rs.
-
-
- 117,337,641 90,365,037
- 225,099,480 26,616,909
-
-
-
- (1,650,000)
- (3,145,249)
355,694
-
Total Cost (a+b+c-d-e)

136,316,886 47,394,956 24,559,704 129,370,325
2 Depreciation
-
-
-
-

a. Up to Previous Year
- 12,771,149 4,050,705 23,402,515
b. For This Year
3,654,823 6,099,065 2,302,305 17,871,777
c. Depreciation on Revaluation/
-
-
-
-

Written Back
d. Depreciation Adjustment /Reversal
- (479,600)
- (2,263,246)
- 337,641,872 117,337,641
-
-
- 40,224,369 25,555,430
- 29,927,969 14,937,117
-
- (268,178)
Total Depreciation
3 Book Value (WDV*) (1-2)
4 Land
5 Capitalization Construction

(Pending Capitalization)
6 Leasehold Assets
3,654,823 18,390,614 6,353,010 39,011,045

132,662,064 29,004,342 18,206,694 90,359,280
171,600,000
-
-
-
-
-
-
-
- 67,409,491 40,224,369
- 270,232,381 77,113,272
- 171,600,000 171,600,000
-
- 72,154,434
304,262,064 29,004,342 18,206,694 90,359,280 37,212,042 479,044,422.18 361,072,445
Total (3+4+5+6)
- (2,742,846)
- 37,212,042 37,212,042
40,204,739
* Written Down Value
49
Net Non-Banking Assets Rs.
NON - BANKING ASSETS
As on July 15, 2012
Schedule 4.15

Name and
Address of
Borrower or Party
Grand Total
Date of Accept
Non-Banking
Assets

Loss Provision

In
In
Percentage
Amount
Total Amount of
Non-Banking
Assets Rs.

Net Non-Banking
Assets Current
Year Rs.

Previous
Year Rs.

Other Assets
As on July 15, 2012
50
Schedule 4.16
Particulars
1
2
3

4
5
6
7
8
9
10
11
12
13
14
Stationery Stock

Income Receivable on Investments

Accrued Interest on Loan
30,620,667
Less : Interest Suspense Amount
(30,620,667)
Commission Receivable
Sundry Debtors

Staff Loans and Advances

Prepaid Expenses

Cash in Transit
Other Transit items ( including cheques )
Drafts Paid without Notice

Expenses Not Written off

Branch account
Deferred Tax Assets

Other

2,349,815
24,970,060

-
-
172,387
68,188,886
3,654,376
-
-
-
9,988,573
-
504,847
123,254,944
1,611,318
18,818,624
22,290,014
(22,290,014)
20,288
43,545,574
3,292,479
-
4,578,458
18,218
65,873,400
Total
233,083,888
137,758,359
Sanima Bank
Current Year Rs.
Previous Year Rs.
Other Assets (Additional information)
As on July 15, 2012
Schedule 4.16 (A)

Particulars

1
2
3
4

Up To 1 Year
Accrued Interest on Loan

Drafts Paid without Notice
Branch Adjustment Account
Local and Foreign Agency A/Cs
30,620,667
-
-
35,317,123
This Year
1 To 3 Years
More Than 3 Years
-
-
-
61,758
-
-
-
-
Current Year
Previous Year
Rs.
Rs.
30,620,667
-
-
35,378,881
22,290,014
-
15,964,764
Contingent Liabilities
As on July 15, 2012

Particulars
1
2

3
4

5
6
7
8
9
10
11
12
13
14
15
Claims on Institution but not accepted by the Institution

Letters of Credit (Full Amount)
a) Less than 6 months Maturity
b) More than 6 months Maturity
Rediscounted Bills
Unmatured Guarantees/Bonds
a) Bid Bonds
b) Performance Bonds
c) Other Guarantees/Bonds
Unpaid Shares in Investment
Forward Exchange Contract Liabilities
Bills under Collection
Acceptance and Endorsements
Underwriting Commitments
Irrevocable Loan Commitments
Counter Guarantee of Internationally Rated Banks
Advance Payment Guarantee
Financial Guarantee
Contingent Liabilities on Income Tax
Capital Commitment net of Advance Payment
Total
Schedule 4.17
Current Year Rs.
-
-
98,579,305
-
-
-
73,885,550
263,201,647
-
-
-
-
-
-
578,300,721
-
82,860,080
-
-
-
1,096,827,303
Previous Year Rs.

-
-
-
19,978,941
185,311,308
-
-
-
382,906,751
-
33,862,254
-
74,575,832
696,635,086
51
Interest Income
Schedule 4.18
Particulars
A. On Loan, Advances and Overdraft
1 Loans and Advances
2 Overdraft
B On Investment
1 Nepal Government Securities
a. Treasury Bills
b. Development Bonds
c. National Savings Certificates
2 Foreign Securities
a. ..
b. .
3 Nepal Rastra Bank Bond
4 Debenture and Bonds
a. Financial Institutions
b. Other Organizations
5 On Interbank Placement
a. Bank and Financial Institutions
b. Other Organizations
C On Agency Balances
1 Local Banks
2 Foreign Banks
D On Money at Call and Short Notice
1 Local Banks/Financial Institutions
2 Foreign Banks
E

On Others
1 Certificate of Deposits
2 Inter-Bank Loan
3 Others
Total
52
Sanima Bank
Current Year Rs.
Previous Year Rs.
1,067,152,948
769,618,105
297,534,843
851,756,164
640,652,837
211,103,328
73,251,319
59,436,999
54,049,360
5,387,639
-
-
-
-
-
-
-
-
13,814,320
13,814,320
-
67,098,396
41,726,323
37,452,152
4,274,171
-
-
-
-
25,372,073
25,372,073
-
-
-
-
-
-
31,796,121
31,796,121
-
-
-
-
-
1,172,200,388
119,602,155
119,602,155
-
-
1,038,456,715
Interest Expenses
Schedule 4.19
Particulars
A. On Deposit Liabilities
1 Fixed Deposits
1.1 Local Currency
1.2 Foreign Currency
2 Savings Deposits
2.1 Local Currency
3 Call Deposits
3.1 Local Currency
4 Certificate of Deposits
B

On Borrowings
1 Debentures and Bonds
2 Loan from Nepal Rastra Bank
3 Inter Bank/Financial Institutions Borrowing
4 Other Corporate Body
5 Other Loans
C On Others
1 Bond Premium w/o
2 .
Total
Current Year Rs.

747,968,445
415,282,294
414,425,324
856,970
241,999,668
241,798,528
201,139
90,686,483
90,658,912
27,571
-
5,593,073
-
-
5,593,073
-
-
Previous Year Rs.

619,667,017
332,526,779
331,929,025
597,754
217,803,107
217,193,480
609,627
69,337,131
69,035,916
301,215
-
63,333,376
48,297,989.38
15,035,387
-
55,262
55,262
-
753,616,780
-
683,000,393
Commission and Discount
Particulars
A Bills Purchase and Discount
1 Local
2 Foreign
B

Commission
1 Letters of Credit
2 Guarantee
3 Collection Fee
4 Remittance Fee
5 Credit Cards
6 Share Underwriting/Issues
7 Government Transactions
8 Agency Commission
9 Exchange Income
C Others

Total
Schedule 4.20
Current Year Rs.
Previous Year Rs.
-
-
-
-
-
8,678,754
108,747
5,723,887
-
2,834,293
-
-
11,827
-
-
3,585,679
-
2,481,792
2,572,443
1,363,471
996,853
107,035
-
-
-
11,251,196
-
4,949,150
53
Other Operating Income
Schedule 4.21
Particulars
Current Year Rs.
Previous Year Rs.
1
2
3
4
5
6
7
Rental on Safe Deposit Lockers

Issue and Renewals of Credit Cards
Issue and Renewals of ATM Cards
Telex/T.T.
Service Charges
Renewal Fees
Others
551,600
-
999,345
271,443
35,584,610
944,235
6,267,323
384,500
497,325
134,865
27,310,229
1,398,763
5,079,966
Total
44,618,555
34,805,648
Exchange Gain/Loss
Schedule 4.22
Particulars
Current Year Rs.
(A) Revaluation Gain

(B) Trading Gain (Except Exchange Income)

(3,151,433)
2,976,194
Total Income/(Loss)
Employee Expenses
(175,238)
54
(1,670,431)
1,827,933
157,502
Particulars
Previous Year Rs.
Schedule 4.23
Current Year Rs.
Previous Year Rs.
1
2
3
4
5
6
7
8
9
Salary
Allowances
Contribution to Provident Fund
Training Expenses
Uniform
Medical
Insurance
Pension and Gratuity Provision
Others
38,866,650
21,032,407
3,472,675
396,270
-
-
660,480
4,132,836
11,425,972
28,751,336
15,450,723
2,679,369
238,503
642,293
487,549
1,296,215
6,289,908
Total
79,987,290
55,835,896
Sanima Bank
Other Overhead Expenses
Schedule 4.24
Particulars
1
2
3

4
5
6
7
8
9
10
11
12
13

14
15

16
17
18
19
20
21
22
23
24
25
26

House Rent
Electricity and Water
Repair and Maintenance
(a) Building
(b) Vehicles
(c) Others (Software)
Insurance
Postage, Telex, Telephone, Fax
Office Equipment, Furniture and Fixture Repair
Traveling Allowances and Expenses
Stationery and Printing
Periodicals and Books
Advertisements
Legal Expenses
Donations
Expenses Relating to Board of Directors
(a) Meeting Fees
(b) Other Expenses
Annual General Meeting Expenses
Expenses Relating to Audit
(a) Audit Fees
(b) Other Expenses
Commission on Remittances
Depreciation on Fixed Assets
Amortization of Preliminary Expenses
Share Issue Expenses
Technical Services Fee
Entertainment
Written Off Expenses
Security Expenses
Credit Guarantee Premium
Commission and Discount
Others
26.1 Office Maintenance
26.2 Vehicle Fuel & Tax
26.3 Membership Fee
26.4 Business Promotion Expense
26.5 Human Resource Outsourcing
26.6 CIBL Expenses
26.7 Office Equipment Uncapitalised
26.8 Miscelleneous
Total
Current Year Rs.

12,027,150
3,769,853
991,401
45,608
659,887
285,906
6,424,670
9,829,678
1,794,346
1,302,083
3,893,275
137,371
23,222,588
96,000
208,713
1,100,086
714,000
386,086
411,653
472,242
375,000
97,242
7,500
36,621,811
-
-
-
2,100,853
4,754,749
12,850,162
-
-
29,847,544
635,675
7,854,286
1,710,418
10,478,103
5,630,919
1,671,195
142,175
1,724,774
151,863,729
Previous Year Rs.

10,805,952
2,506,534
817,901
72,534
443,015
302,352
2,335,379
6,127,197
1,196,793
1,179,932
2,613,510
110,074
8,270,939
95,827
53,300
1,016,275
695,000
321,275
422,632
513,537
375,000
138,537
-
19,558,961
-
1,889,515
1,473,326
-
7,738,285
15,599,569
325,579
4,764,595
673,807
3,914,906
3,313,725
1,274,894
162,199
1,169,864
84,325,436
55
Provision for Possible Losses
Schedule 4.25
Particulars
Current Year Rs.
Previous Year Rs.
1
2
3
4
Increase in Loan Loss Provision

Increase in Provison for Loss on Investment
Provision Against Non-Banking Assets
Provision Against Other Assets
44,920,605
7,572,132
-
-
13,272,070
-
-
Total
52,492,738
13,272,070
Non-Operating Income/Loss

Particulars
Schedule 4.26
Current Year Rs.
Previous Year Rs.
1 Profit (Loss) On Sale Of Investment

-
2 Profit (Loss) On Sale Of Assets
-
3 Dividend
-
4 Subsidies Received From Nepal Ratra Bank -

a) Reimbursement Of Losses Of Specified Branches
-

b) Interest Subsidy
-

c) Exchange Counter
-
5 Others
678,396
347,659
347,659
Total Non-Operating Income (Loss)
678,396
Loss Provisions Written Back
Particulars
Schedule 4.27
This Year Rs.
1
2
3
4
Loan Loss Provision Written Back

Provision against Non-Banking Assets Written Back
Investment Provision Written Back
Provision against Other Assets Written back
-
-
-
-
2,161,002
-
-
-
Total
2,161,002
Income /Expenses from Extra-ordinary Activities
Schedule 4.28
Particulars
56
Previous Year Rs.
Current Year Rs.
Previous Year Rs.
1
2
3
4
Recovery Of Loans Written Off

Voluntary Retirement Scheme Expenses
Loans Writen-Off [4.28(a)]
Other Expenses/Income
-
-
-
-
Total
Sanima Bank
Statement of Loans Written-Off
S.N. Types Of Loan

1
2
3
4
5

Note :
Written Off
Amount

Type Of
Security

Working Capital Loan

Project Loan
Fixed Capital Loan
Personal Loan
Other Loan
Total Loan
Schedule 4.28 (A)
Basis Of
Valuation Of
Collateral

Loan Approved
By Name/
Designation

Initiation
Made For
Recovery

Remarks
Particulars of loan written off during the fiscal year shall be mentioned in above.
Statement of Loans and Advances Extended to Directors/Chief Executive/

Promoter/Employees and Shareholders
As on July 15, 2012
The Statement of amount, included under total amount of Bills Purchased and Discounted, Loans, Advances and
Overdraft, provided to the Directors, Chief Executive, Promoters, Employees, Shareholders and to the individual
members of their undivided family or against the guarantee of such persons or to the organizations or companies in
which such individuals are managing agent, are as follows :
Schedule 4.29
Name of Promoter/Director Till Last Years Balance Rs. Current Year Recovery Current Year
/Chief Executive Officer/
Principal
Interest
Principal Interest Additions Rs.
Employees And Share Holders
(A) Directors
-
-
-
-

1 Arun Kumar Ojha
17,802,016
- 17,802,016
-

-
-
-
-
(B) Chief Executive
-
-
-
-

1
-
-
-
-

-
-
-
-
(C) Promoters
-
-
-
-

-
-

1. Tuk Prasad Poudyal
970,000
-
400,000
-

-
-
-
(D) Employees
-
-
-
-

1 Rudra Prasad Banjara
1,100,000
-
600,000
-

2. Tej Bhadur Chand
-

3 Kumari Bharati
300,000
-
100,000
-

4 Priti Kumari Singh
140,000

140,000

5 Ranjan Mainali
-

-

(E) Shareholders
-
-
-
-

1
-
-
-
-

2
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
988,180
-
-
178
-
-
-
988,358
Total
20,312,016
- 19,042,016
Balance As Of Ashad End Rs.

Principal
Interest
-
-
-
-
-
-
-
-
570,000
-
-
500,000
988,180
200,000
-
178
-
-
-
2,258,358
-
-
-
-
-
-
-
Note: All Above loans are against Fixed Deposit maintained with the Bank.
57
Statement of Capital Fund
As on 15.07.2012 (Ashad End 2069)
1.1 RISK WEIGHTED EXPOSURES

a
b
c

Risk Weighted Exposure for Credit Risk

Risk Weighted Exposure for Operational Risk
Risk Weighted Exposure for Market Risk
Total Risk Weighted Exposures (a+b+c)
Adjustments Under Pillar II
Add: % of the total RWE due to non compliance to Disclosure Requirements (6.4 a 10)
Add: .% of the total deposit due to insufficient Liquid Assets (6.4 a 6)
1.2 CAPITAL
Current Year
10,212,474,617
414,768,186
9,732,586
10,636,975,388
-
-
-
Current Year

a
b
c
d
e
f
g
h
I
j
k
l
m
n
o
p
q
r
s
Core Capital (Tier 1)

2,112,703,521
Paid up Equity Share Capital
2,016,000,000
Irredeemable Non-cumulative preference shares
-
Share Premium
10,563,747
Proposed Bonus Equity Shares
-
Statutory General Reserves
93,952,490
Retained Earnings
6,203,685
Un-audited current year cumulative profit
-
Capital Redemption Reserve

Capital Adjustment Reserve
-
Dividend Equalization Reserves
-
Other Free Reserve
-
Less: Goodwill
-
Less: Fictitious Assets
-
Less: Investment in equity in licensed Financial Institutions
-
Less: Investment in equity of institutions with financial interests
10,355,000
Less: Investment in equity of institutions in excess of limits
-
Less: Investments arising out of underwriting commitments
-
Less: Reciprocal crossholdings
Less: Other Deductions
1,403,044
Adjustments Under Pillar II

Less: Shortfall in Provision (6.4 a 1)

Less: Loans and Facilities extended to Related Parties and Restricted lending (6.4 a 2)
2,258,358

a
b
c
d
e
f
g
h
Supplementary Capital (Tier 2)

Cumulative and/or Redeemable Preference Share
Subordinated Term Debt
Hybrid Capital Instruments
General loan loss provision
Exchange Equalization Reserve
Assets Revaluation Reserve
Other Reserves
Total Capital Fund (Tier I and Tier II)
1.3 CAPITAL ADEQUACY RATIOS

58
Schedule 4.30 (A)
Tier 1 Capital to Total Risk Weighted Exposures (After Banks adjustments of Pillar II)
Tier 1 and Tier 2 Capital to Total Risk Weighted Exposures
(After Banks adjustments of Pillar II)
Sanima Bank
98,812,091
-
-
-
95,951,491
1,800,753
555,000
-
504,847
Previous Year
7,200,551,543
261,484,290
1,685,430
7,463,721,263
-
Previous Year
2,106,791,985
2,016,000,000
-
10,563,747
69,598,577
10,629,661
-
-
-
-
-
-
-
-
-
66,392,831
-
64,573,860
1,800,753
-
18,218
2,211,515,612
2,173,184,816
Current Year
Previous Year
19.86%
20.79%
28.23%
29.12%
RISK WEIGHTED EXPOSURE FOR CREDIT RISK
As on 15.07.2012 (Ashad End 2069)

A. Balance Sheet Exposures

Book
Value a

Provision
Specific b
Schedule 4.30(B)
Ashad End 2069
Eligible
CRM c
Cash Balance
256,197,727

-
Balance With Nepal Rastra Bank
1,005,249,544

-
Investment in Nepalese Government Securities
2,007,065,255

-
All Claims on Government of Nepal
51,628,380
-
Investment in Nepal Rastra Bank securities
-

-
All claims on Nepal Rastra Bank
-
-
Claims on Foreign Government and Central Bank (ECA 0-1)
-
-
Claims on Foreign Government and Central Bank (ECA -2)
-
-
-
-
Claims on Foreign Government and Central Bank (ECA-4-6)
-
-
-

-
Claims On BIS, IMF, ECB, EC and on Multilateral
Development Banks (MDBs) recognized by the framework
-
-
Claims on Other Multilateral Development Banks
-

-
Claims on Public Sector Entity (ECA 0-1)
-

-
Claims on Public Sector Entity (ECA 2)
-

-
-

-

-
Claims on domestic banks that meet capital

adequacy requirements
133,349,316

-
Claims on domestic banks that do not meet
51,976,330 7,572,132
-
capital adequacy requirements
Claims on foreign bank (ECA Rating 0-1)
113,049,663

-
Claims on foreign bank (ECA Rating 2)
-

-
-

-
-

-
Claims on foreign bank incorporated in SAARC
-
-
region operating with a buffer of 1% above
their respective regulatory capital requirement
Claims on Domestic Corporates
5,286,931,765
- 3,785,093
Claims on Foreign Corporates (ECA 0-1)
-
-
Claims on Foreign Corporates (ECA 2)
-
-
-
-
-

-
Regulatory Retail Portfolio (Not Overdue)
2,485,672,044
80,239,885
Claims Fullfilling all criterion of regulatory
-

-
retail except granularity
Claims secured by residential properties
521,249,896

-
Claims not fully secured by residential properties
-

-
Claims secured by residential properties (Overdue)
-
-
-
Claims secured by Commercial real estate
313,145,077

-
Past due claims (except for claim secured
96,138,038 13,114,255
-
by residential properties)
High Risk Claims
820,298,682
715,869 14,670,000
Investments in equity and other capital instruments
-
-
of institutions listed in the stock exchange
10,455,000
-
-
of institutions not listed in the stock exchange
Staff Loan Secured by residetial property
-

-
Interest Receivable / Claim on Govt. Securities

-
Cash in Transit and other cash items in process of collection
-

-
Other Assets (as per attachment)
718,033,838 30,620,667
-
TOTAL
Net Value
Risk Risk Weighted
d=a-b-c Weight e Exposures f=d*e
Previous Year

Net Value
Risk Weight
Amount
256,197,727
1,005,249,544
2,007,065,255
51,628,380
-
-
-
-
-
-
-
0%
0%
0%
0%
0%
0%
0%
20%
50%
100%
150%
- 147,095,662
- 326,975,202
- 670,953,093
- 26,913,241
-

-
-
-
-
-
-

-
-
-
-
-
-
0%
100%
20%
50%
100%
150%
-
-

-

-

-

- 17,000,000
25,500,000
133,349,316
44,404,198
20%
100%
26,669,863 1,346,987,103
44,404,198 30,000,000
269,397,421
30,000,000
113,049,663
-
-
-
-
20%
50%
100%
150%
20%
22,609,933
-
-
-
-
5,283,146,672
-
-
-
-
2,405,432,159
-
100%
20%
50%
100%
150%
75%
100%
521,249,896
-
-
313,145,077
83,023,783
60%
150%
100%
100%
150%
804,912,813
-
150%
100%
10,455,000
150%
-
-
-
687,413,171
20%
0%
20%
100%
13,870,440,555 52,022,923 98,694,978 13,719,722,654
45,491,738

6,905,130
9,098,349
-
-
-
1,381,026
5,283,146,672 2,850,379,396 2,850,379,396

-
-
-
-

-
1,804,074,119 1,729,961,049 1,297,470,787
-
9,958,544
9,958,544
312,749,938 317,710,158
-

-

313,145,077 572,676,579
124,535,675
3,874,100
190,626,095
-
-
572,676,579
5,811,150
1,207,369,220 694,152,962 1,041,229,443

-
15,682,500
100,000
-

- 11,787,851
-

687,413,171 554,693,750
150,000
-
-
-
554,693,750
9,841,800,365 9,363,615,558 6,858,372,539
59
RISK WEIGHTED EXPOSURE FOR CREDIT RISK
As on 15.07.2012 (Ashad End 2069)

B. Off Balance Sheet Exposures

Book
Value a

Provision
Specific b
Schedule 4.30(B)
Ashad End 2069
Eligible
CRM c
Revocable Commitments
Bills Under Collection
-

Forward Foreign Exchange Contract Liabilities
-

LC Commitments With Original Maturity Up to
98,579,305
-
-
6 months Domestic Counterparty
Foreign Counterparty (ECA Rating 0-1)
-

-
Foreign Counterparty (ECA Rating 2)
-

-
-

-
-

-
LC Commitments With Original Maturity
-
-
Over 6 months Domestic Counterparty
-

-
-

-
-

-
-

-
Bid Bond, Performance Bond and Counter
337,087,197
20,290,946
guarantee Domestic Counterparty
-

-
-

-
-

-
-

-
Underwriting commitments
-

-
Lending of Banks Securities or Posting
-

-
of Securities as collateral
Repurchase Agreements, Assets sale with recourse
-
-
82,860,080
3,074,179
Financial Guarantee

-
Acceptances and Endorsements
-
-
Unpaid portion of Partly paid shares and Securities
-

-
Irrevocable Credit commitments (Short Term)
578,300,721

-
Irrevocable Credit commitments (Long Term)
-
-
Claims on foreign bank incorporated in SAARC
-
region operating with a buffer of 1% above their
respective regulatory capital requirement
Other Contingent Liabilities

-
Unpaid Guarantee Claims
-
-
TOTAL
1,096,827,303
Net Value
Risk Risk Weighted
d=a-b-c Weight e Exposures f=d*e
Previous Year
Risk Weight
Net Value
Amount
-
-
-
98,579,305
0%
0%
10%
20%
-
-

-

19,715,860.93

-
-
-
-
-
20%
50%
100%
150%
50%
-

-

-

-

-
-
-
-
-
322,567,810
-
-
-
-
-
-
-
79,785,901
-
-
-
578,300,721
-
-
-
-
- 23,365,125 1,073,462,178
20%
-

50%
-

100%
-

150%
-

50% 161,283,904.94 140,754,665.00
20%
50%
100%
150%
50%
100%
-
-
-
-
-
-
100%
-
100% 79,785,901.00 (1,405,834.00)
100%
- 47,032,343.00
100%
-
100%
-

20% 115,660,144.20 382,906,751.00
50%
-
20%
-
70,377,333
-
-
-
-
-
-
(1,405,834)
47,032,343
-
76,581,350
-
100%
200%
- 149,593,812.00 149,593,812
-
370,674,252 718,881,737 342,179,004
Total RWE for credit Risk Before Adjustment (A) +(B)

14,967,267,857 52,022,923 122,060,103 14,793,184,832
10,212,474,617 10,082,497,295 7,200,551,543
Adjustments under Pillar II
Add: 10% of the loan and facilities in excess of Single

Obligor Limits (6.4 a 3)
Add: 1% of the contract (sale) value in case of the sale
of credit with recourse (6.4 a 4)
Total RWE for Credit Risk (After banks

Adjustments of Pillar II)
Add: 1% of the contract (sale) value in case of the
sale of credit with recourse (6.4 a 4)
Total RWE for Credit Risk (After banks

Adjustments of Pillar II)
60
Sanima Bank
61
ELIGIBLE CREDIT RISK MITIGANTS

Deposits Deposits

Govt.&
Gtee Of
Sec/
Gtee
Gtee
With Bank With Other Gold NRB Securities Govt. of Nepal Gtee Of Other Of Domestic of MDBs
Banks/FI

Sovereigns
Banks
(a)
(b) (c)
(d)
(e)
(f)
(g)
(h)
(I)
Sec/Gtee of
Foreign Banks
Total
98,694,978
98,694,978
14,670,000
-
-
-
-
-
3,785,093
-
80,239,885
-
-
-
-
-
-
-
-
-
-
-
-
-
Total Rs.
Schedule 4.30 (C)
Balance Sheet Exposures

Claims on Foreign Government and Central Bank (ECA-4-6)

Claims on Other Multilateral Development Banks





Claims on domestic banks that meet capital

Claims on domestic banks that do not meet capital





Claims on foreign bank incorporated in SAARC region
operating with a buffer of 1% above their respective
regulatory capital requirement
Claims on Domestic Corporates
3,785,093


Regulatory Retail Portfolio (Not Overdue)
80,239,885

Claims Fullfilling all criterion of regulatory
-

retail except granularity
-

Claims not fully secured by residential properties

Claims secured by residential properties (Overdue)

Claims secured by Commercial real estate
Past due claims (except for claim secured
by residential properties)
High Risk Claims
14,670,000

of institutions listed in the stock exchange
of institutions not listed in the stock exchange
Other Assets (as per attachment)

Credit Exposures

As on 15.07.2012 (Ashad End 2069)
62
Sanima Bank
Deposits Deposits

Govt.&
Gtee Of
Sec/
Gtee Gtee Sec/Gtee of
With Bank With Other Gold NRB Securities Govt. of Nepal Gtee Of Other Of Domestic of MDBs Foreign Banks
Banks/FI

Sovereigns
Banks
(a)
(b) (c)
(d)
(e)
(f)
(g)
(h)
(I)
23,365,125
23,365,125
3,074,179
-
-
-
-
-
-
-
-
-
-
-
-
20,290,946
-
-
-
-
-
-
-
Total Rs.
Schedule 4.30 (C)
Total
Grand Total
122,060,102.87
- -
-
-
-
-
-
- 122,060,102.87

-
-

-
Total
Off Balance Sheet Exposures

Forward Foreign Exchange Contract Liabilities

LC Commitments With Original Maturity Up to
6 months (domestic)
ECA Rating 0-1

ECA Rating 2

ECA Rating 3-6

ECA Rating 7

LC Commitments With Original Maturity
Over 6 months (domestic)
ECA Rating 0-1

ECA Rating 2

ECA Rating 3-6

ECA Rating 7

Bid Bond, Performance Bond and Counter
20,290,946
Guarantee Domestic Counterparty
ECA Rating 0-1

ECA Rating 2

ECA Rating 3-6

ECA Rating 7

Guarantee Invoked but yet not honoured
-
Underwriting commitments

Lending of Banks Securities or Posting

of Securities as collateral
Repurchase Agreements, Assets sale with
recourse (including repo/ reverse repo)
3,074,179

Financial Guarantee
-
Acceptances and Endorsements

-

Credit Exposures

ELIGIBLE CREDIT RISK MITIGANTS
As on 15.07.2012 (Ashad End 2069)
RISK WEIGHTED EXPOSURE FOR OPERATIONAL RISK
As on 15.07.2012 (Ashad End 2069)

Particulars

Schedule 4.30(D)
Previous Years from 2069 Ashad End

2068 Ashad End
Year 1 (2065/66) Year 2 (2066/67) Year 3 (2067/68)
Net Interest Income

122,657,953
Commission and Discount Income
4,251,601
25,564,749
Exchange Fluctuation Income
8,479,790
Addition / Deduction Interest Suspense during the period
(364,221)
Gross income (a)
160,589,872
Alfa (b)
15%
Fixed Percentage of Gross Income [c=(ab)]
24,088,481
Capital Requirement for operational risk (d) (average of c)

Risk Weight (reciprocal of capital requirement of 10%) in times (e)

Equivalent Risk Weight Exposure [f=(de)]

PILLAR-II ADJUSTMENTS

If Gross Income for all the last three years is negative (6.4 a 8)

Total Credit and Investment (net of Specific Provision)

Capital Requirement for operational risk (5%)

Risk Weight (reciprocal of capital requirement of 10%) in times

Equivalent Risk Weight Exposure [g]

Equivalent Risk Weight Exposure [h=f+g]

216,346,417
3,908,315
30,740,447
5,606,611
4,434,107
261,035,897
15%
39,155,385

355,456,322
4,949,150
34,805,648
157,502
12,541,981
407,910,603
15%
61,186,590
41,476,819
10
414,768,186
26,148,429
10
261,484,290
10
10
414,768,186
261,484,290
RISK WEIGHTED EXPOSURE FOR MARKET RISK
As on 15.07. 2012 (Ashad End 2069)

S.N.
Currenc y
Open Position (FCY)
15%
Schedule 4.30(E)
Rate
Open Position (NPR) Relevant Open Position
1 INR
(10,210,360) (16,344,233.13)
2
USD
(34,819) (3,072,804.11)
3 EUR
(422) (45,418.08)
4
GBP
(20)
(2,715.75)
5 AUD
-
-
6 JPY
-
-
7
CAD
-
-
8 CHF
-
-
9 QTR
-
-
10 SLR
-
-
11 DHR
-
-
12 SGD
-
-
13 YUN
-
-
14 THB
-
-
15 DKK
-
-
16 ..
-
-
Total Open Position (a)

Fixed Percentage (b)

Capital Charge for Market Risk [c=(ab)]

Risk Weight (reciprocal of capital requirement of 10%) in times (d)

Equivalent Risk Weight Exposure [e=(cd)]

16,344,233
3,072,804
45,418
2,716
-
-
19,465,171
5%
973,259
10
9,732,586
209,410
2,695,205
425,120
37,295
3,822
3,370,852
5%
168,543
10
1,685,430
63
Principle Indicators
(At least for previous 5 years)
64
Schedule 4.31
Particulars
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

17
18
19
20
21
22
23
Percent of Net Profit/Gross Income

Percent
9.10
14.55
13.07
14.39
9.92
Earning Per Share
Rs.
5.60
7.53
10.63
7.70
6.04
Market Value Per Share
Rs.
1,430.00
783
497
497
225
Price Earning Ratio
Percent
255.57
103.94
46.74
64.55
37.25
Dividend (Including Bonus) on Share Capital
Percent
-
5.00
10.00
6.50
5.50
Cash Dividend on Share Capital
Percent
-
-
10.00
6.50
5.50
Interest Income/Loan & Advances
Percent
6.60
8.88
10.74
13.23
12.16
Staff Expenses/Total Operating Expenses
Percent
8.95
8.14
39.01
39.84
34.50
Interest Expenses / Total Deposit and Borrowing Percent
4.08
4.79
6.43
9.74
6.69
Exchange Gain/Total Income
Percent
0.93
2.18
0.85
0.01
(0.01)
Staff Bonus/Total Staff Expenses
Percent
18.78
33.44
29.27
39.80
21.66
Net Profit/Loan and Advances
Percent
0.85
1.45
1.67
2.41
1.26
Net Profit/Total Assets
Percent
0.56
0.99
1.18
1.66
0.89
Total Credit/Deposit
Percent
87.94
91.39
89.33
101.25
86.25
Total Operating Expenses/Total Assets
Percent
4.74
5.10
0.93
0.90
1.69
Adequacy of Capital Fund on
Risk Weighted Assets
a) Core Capital
Percent
16.76
18.10
15.56
27.54
19.86
b) Supplementary Captial
Percent
0.97
0.91
0.94
0.87
0.93
c) Total Capital Fund
Percent
17.73
19.02
16.51
28.41
20.79
Liquidity
Percent
17.61
11.97
28.19
26.57
30.24
Non-Performing Loan/Total Credit
Percent
1.513
0.175
0.080
0.004
0.48
Weighted Average Interest Rate Spread
Percent
3.65
3.95
4.01
4.04
3.38
Book Net-Worth
Rs. 431,056,364 869,560,886 881,194,758 2,108,610,956 2,129,580,523
Total Number of Shares
Nos.
3,840,000 7,667,658
8,064,000
20,160,000
20,160,000
Total Staff
Nos.
61
120
149
197
232
Others
-
-
-
-
-
-
Sanima Bank
Indicators FY 2064/65 FY 2065/66
FY 2066/67
FY 2067/68
FY 2068/69
Significant Accounting Policies

1. General Information
Sanima Bank Limited (The Bank) is a limited liability company
domiciled in Nepal. The address of its registered office is at Alakapuri
Building, Naxal, Kathmandu, Nepal.
The Bank has registered with the Office of the Company Registrar
on 16 Ashad , 2061, obtained license from Nepal Rastra Bank on 11
Mangsir 2061 and came into operation from 21 Mangsir 2061 to
conduct banking business in Nepal. The Bank is listed on Nepal Stock
Exchange Limited. Furthermore, the bank has obtained license to
operate as A class financial institution on 01 Falgun 2068 and started
operation as A class financial institution w.e.f. 03 Falgun 2068 (i.e.
upgraded to A class Financial Institution).
The financial statements were authorized for issue by the Board of
Directors and approved by the Central Bank of Nepal (Nepal Rastra
Bank-NRB).
2.Summary of Significant Accounting Policies

The principal accounting policies applied in the preparation of these
financial statements are set out below. These policies have been
consistently applied throughout the period, unless otherwise stated.
3.Statement of Compliance
The financial statements has been prepared in accordance
with Nepal Accounting Standards (NAS) issued by the Nepal
Accounting Standards Board except otherwise stated, Generally
Accepted Accounting Principles (GAAP), Bank and Financial
Institutions Act, 2063 (BAFIA) and other requirements of
Directives, circulars and guidelines issued by NRB and in conformity
with the Companies Act, 2063.
Interest income on loans and advances is recognized on cash basis.
Proposed Dividend and Extraordinary items (if any) are accounted
for as required by NRB directive.
4.Basis of Preparation
The financial statements are prepared under historical cost
convention following accrual basis of accounting except otherwise
stated... The preparation of financial statements in conformity with
NAS and GAAP requires management to use certain critical accounting
estimates. It also requires management to exercise judgment in
process of developing and applying the Banks accounting policies.
The Management believes that estimates and policies so applied
are reasonable in the circumstances of the cases. All the formats of
the financial statements are in accordance with the NRB Directives.
5.Interest Income
Interest income on loans and advances is recognized on cash basis
as per the Nepal Rastra Bank Directive, although this practice is not
in accordance with NAS -7 (Revenue), which prescribes the revenue
Schedule 4.32
to be recognized on accrual basis. Interest income includes Rs

23,451,557.09 on loan and advance to National Priority Sector and is
recognized as income by capitalizing the same under approval from
Nepal Rastra Bank.
Interest income on investments is accounted for on accrual basis.
6.Commission Income
All the commission incomes are accounted for on accrual basis. However,
it is the practice of the Bank to recognize income on cash basis up to Rs.
50,000 for service period of more than a financial year.
7.Dividend Income
Dividend on equity shares will be recognized when the right to receive
dividend is established.
8.Foreign Exchange Transactions

Foreign currency transactions are recorded at the rate prevailing as on
the date of transaction. Difference between buying and selling rates of
Foreign Exchange, at the time of settlement of transaction, is accounted
for as Trading Gain under Exchange Gain in Schedule -4.22
Foreign currency assets and liabilities as on balance sheet date are
translated into Nepalese Rupees at the mid exchange rate prevailing on
the Balance Sheet date and any difference arising out of such transaction
is recognized as Revaluation Gain. 25 percent of revaluation gain
is transferred to Exchange Fluctuation Fund through Profit and Loss
Appropriation Account as required by Nepal Rastra Bank Directives.
9.Interest Expense
Interest on deposit liabilities and borrowings is accounted for on
accrual basis.
10.Loans and Advances including Bills Purchased

Loans and advances, overdrafts and bills purchased include direct
finance provided to customers. These include overdrafts, term
loans, consumer loans etc. All credit exposures are subject to regular
review and are graded according to the level of credit risk and are
classified as per NRB Directives. Loans and advances, overdrafts and
bills purchased are shown net of mandatory provisions as required
by NRB Directives.
11.Staff Loans and Advances

Loans and advances granted to staff are shown under other assets
Schedule-4.16.
12.Loan Loss Provision

The provision for possible losses on loans, advances and bills
purchased are provided at the rates between 1 percent to 100
percent according to classification of such risk assets as per Nepal
Rastra Bank Directives.
65
13.Write Off
Unrecoverable loans and advances are written off in accordance with
the write off Bylaws approved by the Board of Directors and NRB,
without prejudice to Banks right to recover such loans and advances.
over the lease periods or ten years whichever is earlier. The

amount of amortization is charged to Profit and Loss Account.
e. Depreciation on assets addition during the year shall be charged
from date of purchase or put to use whichever is earlier.
14. Recovery of Loan and Interest
17. Non-Banking Assets (NBA)
15. Investments
Non-Banking Assets is valued at lower of loan amount or fair market

value of the assets acquired. Provisions for NBA will be made in
accordance with the Nepal Rastra Bank Directives.
Investments are classified as held for trading, held to maturity and

available for sale.
18. Software Expenses
Loan is recovered in the sequence of penal, interest and principal.
a. Held for Trading :

Investments that are made for the purpose of generating profit from
short term fluctuations in price are classified under this category.
These investments are marked to market on a daily basis and
difference is reflected in the profit and loss account.
b. Held to Maturity:
The investments made with positive intent and ability of the Bank
to hold till maturity is classified as held to maturity investments. The
held to maturity investments are valued at amortized cost i.e. the
cost price less any impairments (if applicable). The impairments are
included in the profit and loss accounts for the period.
Bonds are accounted for at cost including the unamortized bond
premium.
c. Available for Sale:
All other investments that are neither held for trading nor held to
maturity are classified under this category. These investments are
marked to market on a regular basis and the difference is adjusted
through reserves. All Investments are subject to regular review as
required by Nepal Rastra Bank Directives. 2% of investment classified
as Available for Sale is maintained as Investment Adjustment Reserve
as required by NRB directive.
Investment made in Capital Merchant Bank of Rs. 7572,132 is matured
and susceptible for recovery; therefore, such investment is shown
in available for sale.
Further, Rs. 329,940 of premium paid on purchase of Government
Bond is regrouped and included in investment in Government Bond
figure of previous year.
16. Fixed Assets and Depreciation

a. Fixed assets are stated at cost less accumulated depreciation
and impairment losses.
b. Assets with a value less than Rs. 5,000 are charged off as a revenue expense irrespective of its useful life in the year of purchase.
c. Depreciation of fixed assets is calculated following the Diminishing Balance Method applying the rate as prescribed by Income
Tax Act, 2058.
d. Lease hold improvements are capitalized at cost and amortized
66
Sanima Bank
Acquired computer software licenses are capitalized on the basis

of cost incurred to acquire and bring to use the specific software.
The costs are amortized over their estimated useful lives which is
considered 5 years.
19. Deferred Revenue Expenditure:

Bank has a policy to recognize expenses having benefit of more than
1 year as deferred revenue expenditure and amortize same within a
period of useful life or 10 years whichever is lesser.
20. Employee Benefits
a. Provident fund:
Provident fund contribution is recognized as expenses and deposited
into the approved retirement fund (Employee Provident Fund Office).
b. Accumulated Leave :
Accumulated leave payable to staff is recognized on accrual basis as
per the Employee Service Regulation of the Bank.
c. Gratuity:
Gratuity liability of staff is accrued only after completion of a fixed
period of full time employment with the Bank in accordance with the
Employee Service Regulation and is not funded.
21.Stationery Stock
Stationery stock at the year end is accounted for at cost. For the
purpose of valuation of the same FIFO method has been applied.
22.Provisions, Contingent Liabilities And Contingent

Assets
The Bank creates a provision when there is a present obligation of the
entity arising from past events, the settlements of which is expected
to result in an outflow from the entity of resources embodying
economic benefits and a reliable estimate can be made of the amount
of the obligation. A disclosure for contingent liability is made when
there is a present obligation that may or may not, require an outflow
of resources. When there is a possible obligation or present obligation
in respect of which the likelihood of outflow of resources is remote, no
provision or disclosure is made in the financial statement. Contingent
liabilities are shown in Schedule 4.17 Contingent assets are not
recognized in the financial statements. However, contingent assets
are assessed continually and if it is virtually certain that an economic
benefit will arise, the assets and related income are recognized in the
period in which the change occurs.
23.Income Tax
are expected to be recovered or settled based on the laws that

have been enacted or subsequently enacted by the reporting
date. Deferred tax assets arising from temporary difference and
unused tax losses are recognized to the extent there is virtual
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realized (according
to NAS-09 Income Taxes).
Provision for income tax has been made on the basis of the Income
Tax Act, 2058 and amendments thereto.
24.Deferred Tax
Deferred taxes are accounted using the asset and liability method.
Deferred tax assets and liabilities are recognized for the future
tax consequences attributable to temporary differences between
the financial statements carrying amounts of existing assets and
liabilities, and their respective tax bases. Deferred tax assets
and liabilities are measured using tax rates expected to apply to
taxable income in the years in which those temporary differences
25.Rounding Off
The Financial Statements are presented in Nepalese Rupees rounded
to the nearest Rupee. Previous year amount has been regrouped/
reclassified, wherever necessary to facilitate comparison.
Notes to Accounts
Schedule 4.33
1.Provision for Staff Bonus
5.Unpaid Dividend
Staff bonus has been calculated and provided at 10 percent of net

profit, after making adjustment for loan loss provision and bonus.
As on balance sheet date total dividend payable amounts to Rs. 88,

93,890.42 of which no amount is unpaid over five years.
2.Staff Housing Fund
6.Reconciliation Status
No staff housing fund has been created by the Bank as required

under the Labour Act, 2048. However the Bank has provided
housing loan facility to its employee as per employee service
regulation of the Bank.
The Bank has carried out the reconciliation between Inter Branch
Transactions on daily basis. However reconciliation of the local and
foreign bank and financial institution accounts has been done on
weekly/fortnightly/monthly basis. The difference has been identified,
reviewed and reconciled and same has been or will be adjusted in due
course of business.
3.General Reserve
20 percent of the net profit is transferred to General Reserves as
per the requirement of BAFIA 2063.
4.Proposed Dividend
Dividend is provided at 5.50 percent of Paid up Capital as
proposed by the Board of Directors which is pending approval by
NRB and Annual General Meeting.
Rs. in thousand
Reconciliation Status
Branch Reconciliation
Agency Accounts
Total Amount
< 3 months
>3<9 months
>9 months
35,379
35,317
91
(29)
67
7. Summary of Loans and Advances Disbursed, Recovered and Principal and Interest Written-Off:
Rs in thousand
Amount (Rs.)
Particulars
Opening Balance
Loans Disbursed
Loans Recovered
Principal Written off
Interest Written off
Closing Outstanding
6,436,185
9,290,945
6,085,844
9,641,286
8. Summary Status of the Deposit Liabilities

Particulars

Current Deposit
Margin Deposit
Saving Deposit
Call Deposit
Fixed Deposit
Total
Current Year
Rs.
372,570
21,925
3,554,886
1,775,365
5,453,988
11,178,734
Previous Year
Rs.
131,256
9,857
2,670,384
852,953
2,692,287
6,356,737
Rs. in thousand
Change
241,314
12,068
884,502
922,412
2,761,701
4,821,997
9. Weighted Average Interest Rate Spread

Particulars
Average Rate of Return on Loans & Advances
Average Rate on Deposits (LCY)
Net Spread
Rate (%)
13.28
8.58
4.70
10. Particulars of Expenses yet to be Expensed-off

Particulars
Computer Software
Deferred Revenue Exp.
Total
Capitalized Amount
10,644
1,454
12,098
Amortized during the year

2,059
51
2,110
Rs. in thousand
Balance Amount
8,585
1,403
9,988
11. Summary of Concentration of Exposure

Funded and non-funded facilities and sector wise loans are within the limits prescribed by NRB Directives. Summary of
concentration of exposures:
Rs. in thousand
Particulars
Loans & Advances Deposit & Borrowings Contingent Liabilities
Total Amount As On 15.07.2012 (2069.03.31)
9,641,286
11,178,734
1,096,827
Highest Exposure To Single Party
267,787
358,763
75,416
Highest Exposures To Single Party (in percentage)
2.78%
3.21%
6.88%
68
Sanima Bank
12. Paid Up Share Capital

Paid up share capital of the bank has been changed from year to year as follows:
Financial Year
2061/62
2062/63
2063/64
2064/65
2065/66
2066/67
2067/68
2068/69
Paid up Share Capital

224,000,000
224,000,000
320,000,000
384,000,000
805,165,800
806,400,000
2,016,000,000
2,016,000,000
Remarks
Opening Share Capital
Issue of 30% public shares.
Issue of 5:1 right shares.
Issue of 1:1 right and 5% bonus shares after issue of right.
Public sale of 12,342 no. of unsubscribed right shares.
Issue of 1:1.5 right shares.
No change in total Share Capital during the year.
13. Earnings Per Share, Share Price And Share Transaction

Earnings Per Share is calculated and disclosed as per NAS - 26 as follows:
Particulars
Net profit attributable to equity shareholders (Rs.)
Weighted average number of shares outstanding (No.)
Basic Earnings Per Share

121,769,566
20,160,000
Diluted Earnings Per Share**

121,769,566
20,160,000
6.04
6.04
Earnings Per Share (Rs.)
** Since the Bank has not issued preference share and debentures/bonds, basic earnings per share and diluted earnings per share are same. The closing price of the share was Rs. 225.
14. Classification Of Assets And Liabilities Based On Maturity

S. N PARTICULARS
1-90 DAYS 91-180 DAYS 181-270 DAYS 271-365 DAYS OVER 1 YEAR

Assets

1
Cash Balance
2,562
-
-
-
-
2
Balance With Banks And Financial Institutions
1,116
-
-
-
-
3
Investment In Foreign Banks
-
-
-
883
-
4
Call Money
10
-
-
-
-
5
Nepal Government Securities
11,182
2,953
-
-
4,971
6
Nepal Rastra Bank Bonds
-
-
-
-
920
7
Inter Bank/ Financial Institution Lending
-
-
-
-
-
8
Loans And Advances
29,655
16,037
12,687
3,951
34,083
9
Others
2,445
-
-
-
-

Total Assets
46,970
18,989
12,687
4,833
39,973
Liabilities

10 Current Deposits*
3,577
-
-
-
368
11 Saving Deposits
22,420
6,906
6,906
15,484
1,588
12 Fixed Deposits
8,187
8,149
16,389
17,675
4,140
13 Debentures
-
-
-
-
-
14 Borrowing
-
-
-
-
-
15 Other Liabilities
3,948
1,633
939
1,437
1,123

Total Liabilities
38,132
16,688
24,234
34,596
7,219

Net Financial Assets
8,883
2,302
(11,547)
(29,762)
32,754

Cumulative Total Assets
8,883
11,140
(407)
(30,169)
2,585
Rs. in lacs
TOTAL
2,562
1,116
883
10
19,106
920
96,413
2,445
123,455

3,945
53,303
54,540
9,081
120,868
2,587
15.Details Of Non Banking Assets

The Bank has not taken possession of any assets taken as security against the loans and advances.
16. Details of Lease Hold Assets Amortization

Cost Price
54,632
Amortized up to last year

9,362
Amortized during the year

8,058
Rs. in thousand
Total Amortized Amount
17,420
Net Book Value

37,212
69
17. Detail of Deferred Revenue Expenditure:

The amortize expenses on deferred revenue expenditure and computer software is included in depreciation.
18. Tax Liability Reconciliation

Reconciliation of profit as per financial statement is reconciled with taxable profit to compute tax liability as follows:
Rs. in Thousand
Particulars
Profit before tax as per Profit & Loss Account
Add: Adjustments for
Depreciation and amortization as per books of accounts
Provision for Gratuity
Provision for Leave encashment
Office equipment non capitalized
Donation not allowable
Total
Less: Adjustments for
Depreciation as per Income Tax Act
Total
Taxable Profit as per Income tax Act , 2058
Corporate Income Tax @ 30%
Amount
173,284
36,622
4,133
4,774
142
209
219,164
46,189
46,189
172,975
51,892
19. Deferred Tax Assets/ (Liability)

Deferred tax assets and liabilities have been computed in accordance with NAS -9, Income Taxes from 15 July 2012 and are attributable to
the following:
Particulars
As per Books of Accounts
Tax Base
Fixed Assets
270,232
256,919
Leasehold Assets & Software
47,201
46,122
Staff Gratuity
(8,059)
-
Provision For Staff Leave
(8,016)
-
Net Temporary Differences

Deferred Tax Liability/ (Asset) As At 15 July 2012 @ 30 percent

Deferred Tax Liability/ (Asset) Till 16 July 2011
Deferred Tax Expense/ (Income) For Current Year

Rs. in Thousand
Temporary Difference
13,313
1,901
(8,059)
(8,016)
(1683)
(505)
18
(487)
20.Provision for Gratuity

The Bank has provided for future payment of gratuity liability in full as per employee service regulation. As per Employee Service
Regulation of SANIMA, in respect of employees who have completed 3 years of service and an additional provision of Rs. 4,132,836 has
been made during the year.
21. Provision for Income

Tax includes additional tax liability of Rs. 108,909 pertaining to FY 2067/68 and the total amount has been charged to Profit and Loss
Account.
22. Related Parties
70
Sanima Bank
22.1. The Bank has entered into financial transactions with the following related parties
where directors have financial interest.
Related Party
Kantipur Television Pvt. Ltd

Medicare Hospital & Research Centre Pvt. Ltd
Sanima Hydro & Engineering Pvt. Ltd.
Sanima Life Insurance Company Ltd**
Sanima Insurance Company Ltd**
Sanima Foundation
Sanima Mai Hydro Power Ltd
Sanima Pvt. Ltd
Tamor Sanima Energy Pvt. Ltd.
Khumbu Carpet Industries
Fund for Hydro Investment
Sanima Hydro & Engineering Pvt. Ltd Sanima Mai
HydroPower Ltd Sanima Hydro Power Pvt. Ltd
Nature of transaction
Deposit
Loan
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Rental income
This Year
24
-
25,548
7,230
2,320
720
115
69,245
1,204
10
0.18
1,510
525
Rs. in thousand
Previous Year
0.18
8,396
10,738
4,054
2,177
676
115
10,785
197
10
41
4,374
-
**Pending grant of license from Insurance Board the Companies have yet to commence operation.
22.2. The promoters have obtained the following advances from the Bank against the collateral of their fixed
deposit maintained with the Bank:
Rs. in thousand
Particulars
Loan to Promoter Shareholders
Amount Outstanding as of 15 July 2012

570*
*All loans are against to maintained with the Bank.
22.3. Total of key management personnel compensation (Disclosure as per NAS-16):

Details of Key Management
Chief Executive
Other key management

Officer
Personnel
Short Term Employee Benefits
6,549
7,635

Post Employment Benefits
383
444
Terminal Benefits
4,767
2,683

Share Based Payments
Nil
Nil
Other Long Term Benefits
Nil
Nil
Rs. in thousand
Remarks
Other Key Management Personnel Include
Deputy Chief Executive officer and other
management team of manager level & above
This Includes Provident Fund Contribution.
The Bank Has A Policy Of Payment Of Gratuity
And Leave Encashment. Refer Note 21 And 27.
Additional information:
a. Key management personnel are also eligible for the following benefits:
1. Benefits as per Employee Service Regulation of the Bank.
2. Bonus out of profit as per Bonus Act.
3. Housing loans and advances as per Housing Loan Scheme of the Bank.
4. Chief Executive Officer is entitled to the use of Banks car.
b. The Board of Directors was paid Rs. 714,000 meeting fee during the year.
71
23. Operating Lease Commitment

The Bank has taken various properties on cancellable long term lease. Since the Bank possesses the right
to terminate the said ease before its maturity by giving a notice of specified period, the future liability
the Bank is limited to lease payable for notice period oly.
24. Staff Leave

The Bank has accounted for staff leave liability to its confirmed employees on accrual basis. Total leave lia
bility as on 15 July 2012 is Rs. 8,058,903.98. Bank has paid Rs. 600,937.32 as leave encashment to existing
and to those staffs who resigned during FY 2011/12. Similarly, an additional provision of Rs. 4,774,226.04
has been made for staff leave liability which is charged to the profit and loss account.
Capital Adequacy Disclosure

1. Core Capital and its Components:

a.
b.
c.
d.
e.
f.
g.
h.
i.

Particulars
Paid Up Equity Share Capital
Statutory General Reserve
Retained Earnings
Share Premium
Proposed Bonus Equity Share
Un-audited Current year Cumulative Profit Deductions
Less: Miscellaneous Expenditure not written off
Less: Investment in equity in licensed Financial Institutions
Adjustment Under Pillar II Less: Loans and Facilities
extended to Related Parties and Restricted lending (6.4 a 2)
Rs.
2,016,000,000
93,953,072
6,203,685
10,563,747
Core Capital (Tier 1)
2,112,703,521
Supplementary capital and its components:
1,403,044
10,355,000
2,258,358
Rs. in Thousand

a.
b.
c.
d.
Description
General Loan Loss Provision
Exchange Equilisation Reserve
Other Reserves
Rs.
95,951,491
1,800,753
555,000
504,847
Supplementary Capital (Tier 2)
98,812,091
Detailed information about the term debts with information on the outstanding amount, maturity, and amount
raised during the year and amount eligible to be reckoned as capital fund. NIL Deduction from Capital NIL
Total Qualifying Capital
72
Rs. in Thousand
Particulars
a. Core Capital (tier 1)
b. Supplementary Capital (tier 2)
Rs.
2,114,106,565
98,812,091
2,212,918,655
Total Capital Fund (tier 1 & 2)
Sanima Bank
Capital Adequacy Ratio 20.79%

Summary of the banks internal approach to assess the adequacy of its capital to support current and future
activities
The existing paid up capital of the Bank is NPR. 2,016,000,000 and it is adopting simplified approach to assess the
capital adequacy as specified by Nepal Rastra Bank.
Summary of the terms, conditions and main features of all capital instruments, especially in case of subordinated term debts including hybrid capital instrument.
All the capital of the banks are unconditional. The bank do not have any subordinated term debts.
2. Risk Exposures
Risk Weighted Exposure
a. Risk Weighted Exposure for Credit Risk
b. Risk Weighted Exposure for Operational Risk
c. Risk Weighted Exposure for Market Risk
Adjustment Under Pillar II
Add: 3% of the total RWE due to non compliance to Disclosure Requirement (6.4 a 10)
Add: ...... % of the total deposit due to insufficient Liquid (6.4 a 6)
Add: 1% of Net interest income as Supervisory Haircut
Add: 2% of RWE as Supervisory Haircut
Rs.
10,212,474,617
414,768,186
9,732,586
10,636,975,389
Total Risk Weighted Exposures (after Banks adjustments of Pillar II)
Risk Weighted Exposures under each of 11 categories of Credit Risk

a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
k.

Claims on Government and Central Bank
Claims on Other Official Entities
Claims on Banks
Claims on Corporate and Securities Firms
Claims on Regulatory Retail Portfolio
Claims secured by Commercial Real Estate
Past Due Claims
High Risk Claims
Other Assets
Off Balance Sheet Items
Total Risk Weighted Assets on Credit
Rs.
93,683,994
5,283,146,672
1,804,074,119
312,749,938
313,145,077
124,535,675
1,223,051,720
687,413,172
370,674,252
10,212,474,617
Total Risk Weighted Exposure Calculation Table

a.
b.
c.
d.
e.
f.
g.
h.

Risk Weighted Exposure for Credit Risk
Risk Weighted Exposure for Operational Risk
Risk Weighted Exposure for Market Risk
Capital charge for shortfall of liquid assets
Add: 1% of Net interest income as Supervisory Haircut
Add: 2% of RWE as Supervisory Haircut
Total Risk Weighted Exposure
Total Capital Fund (Tier I & Tier II)
Capital Adequacy Ratio (hg)
Rs.
10,212,474,617
414,768,186
9,732,586
10,636,975,388
2,211,515,612
20.79%
73
Amount of non-performing Assets (Both Gross and Net)

a. Restructured/Rescheduled loan
b. Substandard Loan
Nil
NPR 10,698,003
c. Doubtful Loan
d. Loss Loan
NPR 929,103
NPR 1,487,149
Ratios of Nonperforming Assets:

e. Gross NPA to Gross Advances
0.48%
f. Net NPA to Net Advances
0.48%
Movement of Nonperforming Assets

Nonperforming assets up to previous Year was Rs. 287,149. This year the same has been increased to NPR
13,114,225.16
Write off of Loans and Interest Suspense NIL

Movement in Loan Loss Provisions and interest Suspense
Loan loss provision and interest suspense up to previously Year was NPR 64,861,010 and NPR 22,290,014
respectively. In this year, Loan Loss Provision has been increased to NPR 109,768,816 and Interest Suspense has
also been increased to NPR 30,620,667.
Detail of Additional Loan loss Provisions

Additional loan loss provision of NPR 10,698,003, NPR 929,103 and NPR 1,487,149 made for Substandard Loan,
Doubtful Loan & Loss Loan respectively.
Segregation of investment portfolio into held for trading, held to maturity and
available for sale category
Out of total investment, NPR 2,095,315,255 is held to maturity category and NPR 18,027,132 are categorized as
available for sale.
3. Risk Management Function

Risk management objective and policies in the area of credit, market and operational risk including following:
Strategies and process;
The structure and organization of the relevant risk management functions;
The scope and nature of risk reporting and /or measurement systems; and
Policies for hedging and/or mitigating risk and strategies, and processes for monitoring the continuing
effectiveness of hedges/ mitigates
n
74
Sanima Bank
Risk management objective and policies
Credit Risk
Credit risk management of the bank is focused on the inherent risk

associated with the credit and the possibility of the non recovery
of credit due to such risk and evaluating and minimizing such
possibility of non- recovery. Relevant policy and processes are
mentioned in the credit policy guidelines prepared by the bank
and disseminated to concerned employees of the bank. Credit
policy guideline discourages providing credit merely on the basis of
reputation of the borrower and the practice of the competitor bank.
Credit policy guidelines also mention the high risk

area and risk management guidelines. Credit policy
guidelines give emphasis on following area:
Risk assessment: purpose of risk assessment is to determine the
customers ability to meet his obligation and inherent risk associated
with the credit and minimizing such risk.
Risk grading: The bank classifies customer according to
creditworthiness to focus attention on customer requiring increased
supervision and remedial action.
Credit approval: Dual credit approval system is adopted in which
credit recommended by sales person shall be independently assess
risk by credit department and approved accordingly.
Assets writing strategies: The bank has framed assets writing
strategy within the broad framework of Credit Policy Guideline of
the bank. The assets writing strategy of the bank has laid down
the acceptance criteria for banks business by setting country level
risk triggers, containment actions, portfolio target and overall risk
management strategy.
Market risk
The bank has Assets Liability Management Committee which
periodically reviews the change in liquidity, interest rate and foreign
exchange rates and impact of such changes and functions to minimize
the risk arising out of such changes as well as investment function. Bank
always tries to minimize foreign exchange risk exposure by squaring
position of the foreign exchange on daily basis as far as possible.
Operational risk
To minimize the operational risk the bank has prepared and
implemented various procedures, guidelines and directives. Some
of them are as follows:
The bank has strong MIS system which helps to provide greater
control over the
day to day activities of the bank.
Dual control system mechanism is adopted for recording every
transaction
Authority level of the each employees has been defined
Executive committee meeting of the bank is conducted
periodically to find out operational risk and minimize such risk.
The bank has independent Internal Audit and Compliance
department respectively which conduct the audit of activities
performed by the various departments.
Bank has an operational manual which helps to control day to
day operational activities.
Bank also adopted KYC guidelines.
Type of eligible credit risk mitigates used and benefit obtained
Credit risk mitigates used by the bank is deposit of the borrower
within the bank, Government securities, Gold, cash margin
and deposit with other banks and financial institutions having
supervisory haircut of 20% for capital adequacy. Such mitigates has
minimum impact on the capital adequacy of the bank.
75
76
Sanima Bank
S. N. Name of Promoters/
Share In The Name Of Promoter

Promoter Group

Shareholders
Total Number
Percentage

of Shares

Paid Up Capital

1 Dilip Shrestha
327,600
1.63
2 Dr. Birendra Prasad

Mahato
945,000
4.69
3 Jamuna Bhandari
23,000
0.11
4 Sarswoti Bhattarai
63,000
0.31
5 Anamika Shrestha
75,600
0.38
6 Dinesh Mani Shrestha
394,900
1.96
7 Dilip Shrestha
327,600
1.63
8 Anamika Shrestha
75,600
0.38
9 Dinesh Mani Shrestha
394,900
1.96
10 Jay Ganesh Investment
756,000
3.35

9,800,000
3,000,000
18,293
1,500,000
3,144,287

16,800,000

17,000,000
7,840,000
36,000,000
Kumari Bank Ltd.

Prabhu Finance Company Ltd.
Bank of Asia Ltd.

Machhapuchchhre Bank

Social Development Bank Ltd.
ICFC Finance Ltd.
NMB Bank
Remarks
Schedule 4.34
334,000
9,200
63,000
30,240
102,200
77,400
45,360
225,940
553,600
202,000
196,560
53,640
Loan Number of Shares

Banks /Financial
Amount Rs. Pledged As

Collateral
Loan Details
Name of Lending
To Total
Institutions
Kasthamandap Development
Bank Ltd.
Zenith Finance Ltd.
As at 31 Ashad 2069 (15 July 2012)
Statements of Loans taken by promoters/ promoter group shareholders by pledging

their promoter shares as collateral in other financial institutions
Comparison of Unaudited and Audited Financial Statements as of FY
Schedule 4.35
Figures in 000
2068/69 (2011/12)
S.N. Particulars

As per Unaudited As per Audited

Financial
Financial
Statements
Statements
Variance
In
Amount
In %
Reasons for Variance

1 Total Capital and Liabilities (1.1 to 1.7)
13,781,713
13,722,466
59,247 0.43

1.1 Paid Up Capital
2,016,000
2,016,000
-
-

1.2 Reserve and Surplus
223,676
113,581 110,096 49.22 As per proposed appropriation of

cash dividend.

1.3 Debenture and Bond
-
-
-
-

1.4 Borrowings
88,250
88,250
-

1.5 Deposits (a+b)
11,178,734
11,178,734
0 0.00

a. Domestic Currency
11,126,467
11,126,467
-
-

b. Foreign Currency
52,267
52,267
-
-

1.6 Proposed and Payable Dividend
-
110,880 (110,880)
- As per proposed appropriation of

cash dividend.

1.7 Income Tax Liability
-
-
-
-

1.8 Other Liabilities
275,052
215,021
60,031 21.83 Regrouping of some itmes in other

assets.
2 Total Assets (2.1 to 2.7)
13,781,713
13,722,466
59,247 0.43

2.1 Cash & Bank Balance
1,372,403
1,373,063
(660) (0.05) Regrouping of current and call ac

counts.

2.2 Money at Call and Short Notice
660
-
660 100.00 Regrouping of current and call

accounts.

2.3 Investments
2,108,792
2,105,770
3,022 0.14

2.4 Loans and Advances
9,530,238
9,531,505
(1,267) (0.01) Bills purchased - regrouped

a. Real Estate Loan
1,068,377
1,068,377
-
-

1. Residential Real Estate Loan
(Except Personal Home Loan
up to Rs. 80 lacs)
203,392
203,392
-
-

2. Business Complex & Residential

Apartment Construction Loan
61,119
61,119
-
-

3. Income Generating Commercial

Complex Loan
-
4. Other Real Estate Loan

(Including Land Purchase and Plotting) 803,866
803,866

b. Personal Home Loan of Rs.

10 million or below
487,822
487,822

c. Margin Type Loan
104,978
104,978
-

d. Term Loan
1,523,582
1,523,582
-

e. Overdraft Loan/TR Loan/WC Loan
4,042,081
4,042,081

f. Others
2,303,397
2,304,664
(1,267)
Bills purchased - regrouped

2.5 Fixed Assets
479,013
479,044
(32) (0.01) Deffered revenue expenditure

shown in other assets.

2.6 Non Banking Assets
-
-
-

2.7 Other Assets
290,608
233,084
57,524 19.79 Regrouping the item of other liabilities.
77
Comparison of Unaudited and Audited Financial Statements as of FY
2068/69 (2011/12) Continue...

S.N. Particulars

As per Unaudited
As per Audited
Financial
Statements
Financial
Statements
Variance
In
Amount
Schedule 4.35
Figures in 000
Reasons for Variance
In %
3 Profit and Loss Account

3.1 Interest Income
1,172,145
1,172,200
(55) (0.00) Adjustment of interest received on
various call accounts.

3.2 Interest Expense
753,562
753,617
(55) (0.01)

A. Net Interest Income (3.1-3.2)
418,584
418,584
0 0.00

3.3 Fees, Commission and Discount
12,443
11,251
1,192 9.58 Regrouping of commission and dis

count and other operating income.

3.4 Other Operating Income
43,426
44,619
(1,192) (2.75)

3.5 Foreign Exchange Gain/Loss (Net)
(172)
(175)
3 (1.70)

B. Total Operating Income

(A+ 3.3+3.4+3.5)
474,281
474,278
3 0.00

3.6 Staff Expenses
79,571
79,987
(416) (0.52)

3.7 Other Operating Expenses
147,513
151,864
(4,350) (2.95) Regrouping of write off expenses

C. Operating Profit Before Provision
(B. -3.6-3.7)
247,197
242,427
4,770 1.93

3.8 Provision for Possible Losses
52,835
52,493
342 0.65 Adjustment of year end provisions.

D. Operating Profit (C.-3.8)
194,362
189,934
4,428 2.28

3.9 Non Operating Income/Expenses (Net)
678
678
-
-

3.10 Write Back of Provision For Possible Loss
-
-
-
-

E. Profit from Regular Activities
(D.+3.9+3.10)
195,040
190,613
4,428 2.27

3.11 Extraordinary Income/Expenses (Net) (4,749)
-
(4,749)
- Regrouping of write off expenses

F. Profit before Bonus and Taxes

(E. +3.11)
190,291
190,613
(322) (0.17)

3.12 Provision for Staff Bonus
17,299
17,328
(29) (0.17) Increase in profit before bonus and tax.

3.13 Provision For Tax
52,006
51,515
492 0.95 Provision as per Income Tax Act, 2058

and computation of Deferred Tax As

set/Liability.

G. Net Profit/(Loss) (F. -3.12-3.13)
120,985
121,770
(784) (0.65)
78
Sanima Bank
Unaudited Financial Results (Quarterly)
Schedule 4(A)
Figures in 000
As at Fourth Quarter ended on 31 Ashad 2069 (15/07/2012) of the Fiscal Year 2011/2012 (2068/69)
S.N.

Particulars

1
Total Capital and Liabilities (1.1 to 1.7)

1.1 Paid Up Capital

1.2 Reserve and Surplus

1.3 Debenture and Bond

1.4 Borrowings

1.5 Deposits (a+b)

a. Domestic Currency

b. Foreign Currency

1.6 Income Tax Liability

1.7 Other Liabilities
2
Total Assets (2.1 to 2.7)

2.1 Cash & Bank Balance

2.2 Money at Call and Short Notice

2.3 Investments

2.4 Loans and Advances(Net)

a. Real Estate Loan

1. Residential Real Estate Loan

(Except Personal Home Loan up to Rs. 100 lacs)

2. Business Complex & Residential

Apartment Construction Loan

3. Income Generating Commercial Complex Loan
4. Other Real Estate Loan

(Including Land Purchase and Plotting)

b. Personal Home Loan of Rs. 100 Lacs or Less

c. Margin Type Loan

d. Term Loan

e. Overdraft Loan/TR Loan/WC Loan

f. Others

2.5 Fixed Assets

2.6 Non Banking Assets

2.7 Other Assets
This Quarter Ended

(31.03.2069/
15.07.2012)
12.04.2012)
13,781,713
2,016,000
223,676
-
88,250
11,178,734
11,126,467
52,267
-
275,052
13,781,713
1,372,403
660
2,108,792
9,530,238
1,068,377
203,392
61,119

803,866
487,822
104,978
1,523,582
4,042,081
2,303,397
479,013
-
290,608
Previous Quarter Corresponding Year

Ended
Previous Quarter
(30.12.2068/ Ended (32.03.2068/
16.07.2011)
11,480,765
2,016,000
181,027
-
-
9,131,282
9,051,164
80,118
-
152,456
11,480,765
1,220,051
4,489
1,244,289
8,324,314
1,510,065
816,542
9,363,381
2,016,000
92,611
658,000
6,356,737
6,287,791
68,946
240,033
9,363,381
526,307
1,049,937
916,653
6,371,324
1,489,744
752,207
61,279
-
-
-
632,245
426,764
87,840
1,401,142
3,288,037
1,610,466
460,978
-
226,644
737,537
249,705
117,480
958,700
2,241,800
1,313,895
361,072
138,088
79
Unaudited Financial Results (Quarterly)
Schedule 4(A)
Figures in 000
As at Fourth Quarter ended on 31 Ashad 2069 (15/07/2012) of the Fiscal Year 2011/2012 (2068/69)
80
Profit and Loss Account

Up to This Quarter

Up to Previous
Quarter

Up to
Corresponding
Previous Year
Quarter
3.1
3.2
Interest Income
Interest Expense
1,172,145
753,562
819,750
533,161
1,038,457
683,000

3.3
3.4
3.5
A. Net Interest Income (3.1-3.2)

Fees, Commission and Discount
Foreign Exchange Gain/Loss (Net)
418,584
12,443
43,426
(172)
286,589
8,661
28,295
(2,017)
355,456
4,949
34,806
158

3.6
3.7
B. Total Operating Income (A+ 3.3+3.4+3.5)

Staff Expenses
Other Operating Expenses
474,281
79,571
147,513
321,528
57,752
97,055
395,369
55,837
84,325

3.8
C. Operating Profit Before Provision (B. -3.6-3.7)

Provision for Possible Losses
247,197
52,835
166,721
43,504
255,206
13,272

D. Operating Profit (C.-3.8)
3.9 Non Operating Income/Expenses (Net)
3.10 Write Back of Provision For Possible Loss
194,362
678
-
123,218
54
-
241,934
348
2,161

E. Profit from Regular Activities (D.+3.9+3.10)
3.11 Extraordaniry Income/Expenses (Net)
195,040
(4,749)
123,271
-
244,444
-

F. Profit before Bonus and Taxes (E. +3.11)
3.12 Provision for Staff Bonus
3.13 Provision For Tax
190,291
17,299
52,006
123,271
11,206
33,728
244,444
22,222
67,001
G. Net Profit/(Loss) (F. -3.12-3.13)
120,985
78,336
155,220
Ratios

4.1
4.2
4.3
4.4
4.5
Capital Fund to RWA

Non Performing Loan (NPL) to Total Loan
Total Loan Loss Provision to Total NPL
Cost of Fund after CRR (LCY)
Credit To Deposit Ratio (Calculated as per NRB Directives)
Sanima Bank
At the End of
This Quarter

21.80%
0.48%
237.92%
9.91%
72.19%
At the End of
Previous
Quarter

24.57%
0.87%
147.41%
10.38%
75.05%
At the End of
Corresponding
Previous Year
Quarter
28.41%
0.004%
22587.90%
10.48%
75.41%
Reconciliation of Taxable Profit and Book Profit

Particulars
Amount
Profit before tax as per Profit & Loss Account
173,284,327
Add: Adjustments for

Depreciation & amortization as per books of accounts
36,621,811
Provison for Gratuity
4,132,836
Provision for Leave Encashment
4,774,226
Donation
208,713
Office Equipment non capitalized
142,175
Less: Adjustments for

Depreciation as per Income Tax
46,189,153
Taxable Profit as per Income tax Act 2058
Corporate Income Tax @ 30%
172,974,936
51,892,481
FORM NO.5 OTHER ASSETS
As on 15.07.2012 (Ashad End 2069)

S. No. Assets
Sl NRB 9.1
Gross Amount Specific Provision
Net Balance
Cash and Cash Items

in Transit
Miscellaneous Expenditure
not written off
Fixed Assets
Assets : 9
Interest Receivable on
Other Investment
Assets : 10.1.1
Interest Receivable on Loan
Assets : (10.1-10.1.1-10.1.2)
Non Banking Assets
NBA-TB Value
Reconciliation Account
Draft Paid Without Notice
Assets : 10.8
Sundry Debtors
Assets : 10.4
10

Advance payment and Deposits Assets : (10.5+10.9+11 less

Ficticious Assets)
11
Staff Loan & Advance
12
9,988,573
9,988,573
479,044,422
479,044,422
256,558
256,558
30,620,667
30,620,667
172,387
172,387
9,567,886
9,567,886
Assets : 10.3
68,188,886
68,188,886
Stationery
Assets : 10.2
2,349,815
2,349,815
13
other
Assets : 10.11
117,844,644
117,844,644
TOTAL
718,033,838
30,620,667
687,413,171
81
List of Foreign Correspondent Banks
As on 05.07.2012
S.No. BIC (SWIFT Code)

1
82
BOMLAEAD
Name of Financial Institutions

MASHREQBANK PSC.,DUBAI,AE
BOMLBHBM
MASHREQBANK PSC., MANAMA, BAHARAIN
HABBGB2L
HABIB-UK PLC., LONDON, GB
HBLILKLX
HATTON NATIONAL BANK PLC, COLOMBO,LK
ICICINBB
ICICI BANK LIMITED, MUMBAI, INDIA
IOBASGSG
INDIAN OVERSEAS BANK, SINGAPORE
MSHQEGCA
MASHREQ BANK, CAIRO, EGYPT
MSHQGB2L
MASHREQ BANK PSC, LONDON, GB
MSHQHKHH
MASHREQBANK PSC., HONG KONG BRANCH
10
MSHQINBB
MASHREQ BANK, MUMBAI, INDIA
11
MSHQKWKW
MASHREQBANK PSC.,KUWAIT
12
MSHQQAQA
MASHREQ BANK,DOHA, QATAR
13
MSHQUS33
MASHREQBANK PSC., NEW YORK BRANCH
14
HANYUS33
HABIB AMERICAN BANK, NEW YORK, US
15
SCBLDEFX
STANDARD CHARTERED, FRANKFURT, GERMANY
16
SCBLNPKA
STANDARD CHARTERED, KATHMANDU, NEPAL
17
SCBLSGSG
STANDARD CHARTERED, SINGAPORE
18
SCBLTHBX
STANDARD CHARTERED, THAILAND
19
HDFCINBB
HDFC BANK LIMITED, MUMBAI, INDIA
20
CITITHBX
CITI BANK N.A, THAILAND
21
SCBLAEAD
STANDARD CHARTERED, DUBAI, UAE
22
SCBLBDDX
STANDARD CHARTERED, DHAKA, BANGLADESH
23
SCBLCNSX
STANDARD CHARTERED, SHANGHAI, CHINA
24
SCBLGB2L
STANDARD CHARTERED, LONDON, UK
25
SCBLHKHH
STANDARD CHARTERED, HONGKONG
26
SCBLIDJX
STANDARD CHARTERED, JAKARTA, INDONESIA
27
SCBLINBB
STANDARD CHARTERED, MUMBAI, INDIA
28
SCBLJPJT
STANDARD CHARTERED, TOKYO, JAPAN
29
SCBLMYKX
STANDARD CHARTERED, KAULA LUMPUR, MALAYSIA
30
SCBLPKKX
STANDARD CHARTERED, KARACHI, PAKISTAN
31
SCBLQAQX
STANDARD CHARTERED, DOHA, QATAR
32
SCBLTWTP
STANDARD CHARTERED, TAIPEI, TAIWAN
33
SCBLUS33
STANDARD CHARTERED, NEW YORK, US
34
SCBLVNVX
STANDARD CHARTERED, HANOI, VIETNAM
35
HBZUAEAD
HABIB BANK AG, ZURICH, DUBAI
Sanima Bank
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Annual Report
2011-12
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A Class Institution Licensed by Nepal Rastra Bank

Inaguration of Sanima as a Commercial Bank by Governor Dr. Yuba Raj Khatiwada

Consistency in performance is what

Annual Report 2011/12

customers from remote areas like Khandbari of

vided independently by the auditors.The Banks success

School of Nagpokhari, Naxal. To mark its 7th Annual

Annual Report 2011/12

With immense pleasure and great pride, I would like to

Sanima is actively participative when it comes to

Annual Report 2011/12

Madan Krishna Shrestha

Hari Bansha Acharya

Annual Report 2011/12

Fees Commssion &

All figures in 000s NRs

Growth in Loans and Advances

Growth in Reserve and Surplus

Growth in Net Interest Income

Annual Report 2011/12

Snapshot of Last Years Performance

proval from Nepal Stock Exchange Ltd. and following

Annual Report 2011/12

provement in the merchandise exports due to the

Major Financial Indicators

With the same objective, the Bank launched various

to invest in projects having long term impact in the

Capital, Reserve and Surplus

Annual Report 2011/12

also shares sound and mutually beneficial relationship

Corporate Building "Alakapuri"

Sanimas strength lies in its ability

Annual Report 2011/12

Corporate Social Responsibility/

Eye Treatments and Self Employment Trainings to

For the selection of the most deserving candidates,

n Free Eye Treatment & Self

wal, Kumaripati, Chuchchepati and Suryabinayak.

Annual Report 2011/12

Tree Plantation at Narayanchaur

Gifts to Senior Citizens

Gifts to Nari Account Holder

With due respect to our customers for their

You can rely on Sanimas welltrained staff to provide fast and

Annual Report 2011/12

From left to right

2. Sarju Kumar Thapa

3. Sushil Ratna Bajracharya

4. Tej Bahadur Chand

10. Roshan Chandra Gautam

8. Bobby Singh Gadtaula

11. Santosh Koirala

13. Pawan Kumar Acharya

United Cement Pvt. Ltd, Naubise Dhading

Bhairabkunda small Hydropower Project, Sindhupalchowk

Shivam Cement Pvt. Ltd, Hatiya-4, Makawanpur

Annual Report 2011/12

Sanima Criket Team

Products and Services

Annual Report 2011/12