Bank of Kathmandu Ltd's 4th quarter report of fiscal year 2071/72

Bank of Kathmandu Limited (BOK) has earned Rs 33.38 crore during the end of the last fiscal year 2071/72.
The bank has paid up capital of Rs 2.12 arba and it has Rs 1.76 arba in reserve and surplus account. BOK’s earned Rs 1.38 arba as net interest income.

The bank’s able to mobilize Rs 39.45 arba in deposit and extended a loan of Rs 33.38 arba during the last fiscal year 2071/72.
Its EPS is Rs 15.75, P/E ratio stands at 36.26 times and net worth per share stand at Rs 183.12. - SS

Himalayan Bank announces 5% bonus shares & 10% cash dividend

Himalayan Bank Limited has proposed 15 percent dividend, including 5 percent bonus shares, to its shareholders from the net profit it earned in the last fiscal year.

A BoD meeting of the commercial bank has just proposed the dividend, which, however, is subject to the approval of Nepal Rastra Bank and the AGM of the bank.
Nevertheless, this has come as a relief to the shareholders.

Nepal Rastra Bank to collect money from Bank of Kathmandu & Himalayan Bank Limited for Melamchi Drinking Water Project

Appellate Court Patan has asked Nepal Rastra Bank to collect the due money from Bank of Kathmandu and Himalayan Bank Limited, which given counter guarantee for a Chinese contractor on the assurance of a Chinese bank for the construction work of Melamchi Drinking Water Project, but not to release the money to the project.

Bank of Kathmandu Ltd BoK’s net profit drops by 20 %

Bank of Kathmandu Limited has reported a drop in its net profit rise of 20 percent in the first quarter of the current fiscal year 2070/71.

Publicizing its unaudited report for the first quarter today, the BoK has stated that its net profit has dropped to Rs 12.22 crore in the first quarter, down from Rs 15.28 crore in the corresponding quarter of the last fiscal year.

Bank of Kathmandu Bok AGM approves 14% bonus shares & 0.74% cash dividend

The 19th AGM of the Bank of Kathmandu (BoK) has endorsed 14 percent bonus shares and 0.74 percent cash dividend to its shareholders from the net profit it earned in last fiscal year 2069/70.

Bank Of Kathmandu BoK holding AGM today, to endorse 14% bonus share

The Bank of Kathmandu (BoK) is holding its Annual General Meeting today. The AGM will, among other things, endorse 14 percent bonus shares by to its shareholders from the net profit it earned in last fiscal year 2069/70.

NEPSE surged to 551.66 levels

Breaking its sluggish movement, the Nepse index today surged pass 550 levels to settle at 551.66 levels.

Defying its prior week’s trend of late volatility, the market today from the first hour of the trade rallied its way up and settle at day’s high.

14% bonus shares of Bank Of Kathmandu (Bok) approved, AGM on Oct 28

Nepal Rastra Bank has finally approved 14 percent bonus shares proposed by the Bank of Kathmandu to its shareholders from the net profit it earned last fiscal year.

Issuing a public notice today, the Bok has stated that it is holding its Annual General Meeting on October 28, which, among other things, will distribute the offered dividend.

Free float index in NEPSE

Nepal Stock Exchange (Nepse) has been using float index and sensitive float index — the globally accepted best practice to make the secondary market index more realistic.
Free-float methodology refers to an index construction methodology that takes into consideration only the free-float market capitalisation of a company for the purpose of index calculation and assigning weight to stocks in index.

Nepse at 547.6, loss of 4.74 points

Latest flexibility given by the Nepal Rastra Bank (NRB) to Banking and Financial Institutions (BFIs), by prolonging the deadline of meeting the paid up capital, topple the market sentiment today.

Earlier, NRB had directed the Banking and Financial Institutions through monetary policy to raise their paid up capital to the standard set by the NRB within this fiscal year end. However, recently, the NRB has revised this policy and has asked the BFIs to meet the requirement by the end of the next fiscal year.

Major Companies’ dividend declaration hints at surging market

If the announcement of largely impressive dividends by major players last week is anything to go by, the share market is likely to head in the right direction in the days to come.
Analysts say that the development is quite encouraging, though it may be too early to hint at a bullish trend.

BoK proposes 14% Bonus Shares

Bank of Kathmandu has proposed to offer 14 percent bonus shares to its shareholders. A meeting of BoK board of directors held on Wednesday made such decision.

The bank will be able to distribute the dividend once it is approved by the Nepal Rastra Bank and endorsed by the Bank of Kathmandu’s upcoming general meeting.

Kumari Bank and Bank of Kathmandu (BOK) signed remittance pact.

Kumari Bank Limited (KBL) and Bank of Kathmandu (BOK) have signed an agreement to provide remittance service of Kumari Remit -- the remittance business of KBL.

Agricultural Dev Bank, BOK & Laxmi Bank profits 2.25 arba, 61.70 cr & 45.02 cr

Agricultural Development Bank has posted a profit of Rs 2.25 arba, a 22.83% rise over last year’s Rs 1.83 arba. The bank’s deposits rose 25.81% to Rs 54.39 arba and loans and advances increased 26.23% to Rs 49.77 arba. The bank’s EPS stands at Rs 58.55 and net worth at Rs 267.88.

8 banks, 40 dev. banks & 38 finance to issue bonus shares or rights shares or go for merger.

Eighty-six banks and finance institutions are still short of funds to meet the minimum capital base set by the new monetary policy of Nepal Rastra Bank.
As per the monetary policy, commercial banks must maintain a paid up capital of Rs 2 arba, national level development banks Rs 64 crore, finance companies Rs 20 crore and regional development banks should have a paid up of Rs 10 crore.

Listed company in CDSC - List

Listed company in CDSC

S.N.	Company	ISIN
1	ACE Development Bank Ltd.	NPE000A00007
2	Agricultural Development Bank	NPE001A00005
3	Everest Finance Co. Ltd.	NPE002A00003
4	Bank of Kathmandu Ltd.	NPE003A00001
5	Laxmi Bank Ltd.	NPE004A00009
6	Himalayan General Insurance Co. Ltd.	NPE005A00006
7	Shikhar Insurance Com. Ltd.	NPE006A00004
8	Nepal SBI Bank Ltd.	NPE007A00002
9	Siddhartha Insurance Limited	NPE008A00000
10	Siddartha Bank Ltd.
11	PrimeLife Insurance Co. Ltd.	NPE010A00006
12	Citizens Bank International Ltd.	NPE011A00004
13	Civil Bank Ltd.	NPE012A00002
14	Nepal Bangladesh Bank Ltd.

Manandhar new BoK chairman

A board meeting of Bank of Kathmandu (BoK) on Monday elected Satya Narayan Manandhar as the bank’s new chairman. A special general meeting held on Sunday had unanimously elected Manandhar, Ramesh Nath Dhungel and Santa Bar Singh from among promoter shareholders to the board. Similarly, Govinda Prasad Sharma, Chop Narayan Shrestha, Hem Raj Subedee and Balaram Neupane were elected from among public shareholders.
src : kathmandu post

Eight banks likely to issue bonus shares to meet NRB rule

Nepal Rastra Bank’s new monetary policy has given commercial banks one more year to meet the minimum paid up capital requirement of Rs 2 arba. The monetary policy leaves eight commercial banks out of 31 with two choices: either issue bonus shares or opt for merger.

Bank of Kathmandu (BoK) elects directors.

Bank of Kathmandu (BoK), on Sunday, organised its extra-ordinary general meeting. The meeting elected three board of directors representing the promoter shareholders group namely Ramesh Nath Dhungel, Satya Narayan Manandhar and Shanta Bar Singh Thapa. Similarly, Govinda Prasad Sharma, Chop Narayan Shrestha, Prof Hem Raj Subedee and Balaram Neupane were unanimously elected as board of directors representing the public shareholders group.
src THT

Raising capital requirement of banks and financial institutions

As soon as the banking sector regulator's intention of raising capital requirement of banks and financial institutions became evident last week, Sanjib Subba updated his Facebook status saying: "We[should] target [raising paid-up capital of commercial banks to] Rs 5 billion in the next three years and Rs 10 billion in the next 5-7 years [from the existing Rs 2 billion]."

The pointer made by the CEO of National Banking Training Institute seems timely, considering the money squeeze that flares up in the banking sector every now and then.

Earlier this year, the banking sector felt the credit squeeze a couple of times following shortfalls in government spending, lower growth in remittance income and relocation of deposits from banks to government coffers due to seasonal tax payments.

The result: the average short-term interbank rate ¿ the rate of interest at which banks lend money to each other -- jumped to as high as 6.79 percent in mid-February from as low as 0.6 percent in January. The rates then moderated to 1.85 percent in the last week of March, but only to rise to 6.8 percent in the last week of April.