Kathmandu. Siddharth Bank has been honored with the 'Best Annual Financial Report 2021' award in the banking sector. The Nepal Chartered Accountants Association has given the award to the bank for financial transparency, accountability and good governance of the organization based on the annual report published in the financial year 2020 and 2021.

The award was jointly handed over to Sundar Prasad Kadel, Chief Executive Officer of Siddharth Bank by Controller General Sumanraj Aryal and ICAN President Yuddh Raj Oli at an event held in Kathmandu on Friday.

Kadel said that this award has encouraged the bank to publish more refined financial statements in the coming days. The award-winning annual report of the bank will also compete for the 'Best Annual Report' award organized by the South Asian Federation of Accountants at the South Asian level.

The bank has been providing high-level and technology-friendly banking services through 190 branches and 94 extension counters across the country, 117 branchless banking services and more than 2,000 POS machines.