Himalayan Bank Ltd (HBL) - Fundamental Analysis of FY 2070/71 & dividend prediction

हिमालयन बैंक लिमिटेडको संक्षिप्त विश्लेषण
पूँजी, जगेडा, निक्षेप तथा लगानी
चुक्ता पूँजी रु. २ अरब ८९ करोड ८० लाख, जगेडा रु. ३ अरब ५० करोड ४६ लाख १५ हजार, डिबेन्चर १ अरब १० करोड, निक्षेप रु.६४ अरब ६७ करोड ४८ लाख ४८ हजार, कर्जा लगानी रु.४६ अरब ४४ करोड ९३ लाख २९ हजार र अन्य लगानी १९ अरब ८४ करोड २० लाख ६० हजार रहेको छ |

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 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 adds 0.14 points to close at 542

Continuing its lethargic movement, the secondary market of Nepal today made a gain of 0.14 points to conclude at 542 levels.

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.

NEPSE recovers by 3.64 points to settle at 541.95 levels

Breaking its bearish rampage, Nepal Stock Exchange today made a recovery of 3.64 points to settle at 541.95 levels. Earlier, for the four consecutive trading days, the market index was galloping downside, suffering 13.69 points in total.

Net profit of commercial banks up

Commercial banks seem to have recovered from shadows of bad loans made in the past, as they registered a whopping rise in net profit last fiscal year.

The net profit of class ‘A’ financial institutions increased by 40 per cent in the last quarter of fiscal year 2012-13, according to their recently published unaudited financial reports. The 31 commercial banks have earned a net profit worth Rs 20.1 billion, which stood at Rs 14.3 billion in the corresponding period of the previous fiscal year. Only Kist Bank registered a loss.

Himalayan Bank Limited (HBL)'s 40th branch in Betrawati

Himalayan Bank Limited (HBL) on Sunday inaugurated its 40th branch office at Betrawati of Nuwakot. Addressing the inaugural function, Prachanda Bahadur Shrestha, chairman of HBL, highlighted the current activities and achievements of the bank and showed his commitment to further participate in economic development of the country.

Himalayan Bank, AmEx launch Gold Credit Cards

Himalayan Bank Limited (HBL) and American Express on Thursday launched the Himalayan Bank American Express Gold Credit Card in Nepal.
Ashoke SJB Rana, chief executive officer of HBL, and Pranav Barthwal, vice president - global merchant service and partner card services, India and area countries, American Express Banking Corporation, introduced the new card service amid a programme in Kathmandu on Thursday.

Slowdown in bank’s branch expansion drive

Commercial bank s’ branch expansion drive has slowed down this fiscal year. Banks opened 47 new branches in the first eight months this fiscal year, against 189 branches opened in the same period a year ago, according to the Economic Survey 2012-13. With this, the total number of bank branches has reached 1,472.

Bankers attributed the slowdown to bank s’ reluctance to open branches in rural areas even when the central bank has announced incentives for doing so.

Himalayan Bank CEO Ashoke Rana stressed on the need for revising the policy of the Nepal Rastra Bank (NRB). “Bankers have urged the central bank to consider population size rather than the geographic location to encourage commercial bank s open their branches.”

Himalayan Bank bonds received Rs 58 crore response so far & announces closure

The bonds issued by Himalayan Bank on June 30 with an aim to collect Rs 75 crore has received applications worth Rs 58 crore 50 lakh until Wednesday.

The last date for filing application for the bonds is July 5, today.

The Himalayan Bank Limited Bond 2077, with par value at Rs 1000 and a maturity period of 7 years, offers to pay 8 percent interest on the bonds.

Out of the total bonds issue, general public were eligible to apply only for Rs 15 crore bonds. Of the remaining 60 crore, the bank has set aside Rs 3 crore 75 lakh worth of debentures for mutual funds. The bank had announced to sell the rest of the debentures on an individual basis.

Himalayan Bank Ltd. is closing its "8% HBL Debenture 2077" from official hour today.

Himalayan Bank Ltd. is closing its "8% HBL Debenture 2077" from official hour today.
CLICK to view official announcement notice. 
Src : nepalsharemarket