Kamana Bikas Bank to endorse 22.60% bonus share & 1.19% cash dividend

Kamana Bikas Bank Limited (KMBL) is holding its 9^th Annual General Meeting (AGM) on Ashwin 28, 2072. The AGM will be held at Pokhara Grand Hotel, Pardi Birauta,Pokhara at 8:30 AM.
The main agenda of the AGM are:

• To endorse 22.60 percent bonus share and 1.19  cash dividend (for tax purpose) from the net profit it earned from the fiscal year 2071/72
• To nullify the earlier decision to issue right share issue in the ratio 4:1 (25%)
• Increment of issued capital and paid up capital up to Rs 34.11 crore and to amend article of association accordingly.
• To convert promoter – public shareholder structure to 51% promoter shares and 49% ordinary shares. After the conversion, the promoter share to ordinary share ratio the development bank will stand at 51:49.

Other Agendas of the AGM include Financial highlights of 2071/72, appointment of auditor. Also to elect 5 BOD members, from promoter shareholders group,
Trading of KamanaBikasBankandKaski Finance has been suspended from August 3, 2015 in Nepal stockexchange for the merger process between the Pokhara based financial institutions.
KMBL and KAFILhave signed a Memorandum of Understanding (MOU) for the merger to form a National level development bank, which will be named KamanaBikas Bank Limited with the logo of Kaski Finance Limited.

Kamana Bikas Bank proposed 21% bonus shares & 1.105% cash dividend for fy 2070/71

Kamana Bikas Bank Ltd has proposed 21 percent bonus shares and 1.105 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2070/71.

15% bonus shares & 6% cash dividend of Kamana Bikash Bank Limited

Kamana Bikash Bank Limited has proposed 21 percent dividend – 15 percent bonus shares and 6 percent cash—to its shareholders from its net earnings of the last fiscal year.

Net Profit of Nilgiri , Kamana & Gandaki Bikas Bank - 1.28 cr, 4.99 cr & 5.77 cr respectively

Nilgiri Bikas Bank   
Nilgiri Bikas Bank Limited has reported a healthy growth in net profit. The bank’s profit rose to Rs 1.28 crore in the FY 2069/70 from Rs 1.03 crore reported in previous fiscal, a growth of 24.11%.

The bank’s deposits increased by 19.73% to Rs 65.63 crore and loans and advances grew 24.20% to Rs 54.82 crore whereas NPA increases by 13.33% at 0.51% compared to last year.

Nepse leaps by 5.15 Points; Insurance gain 60 points, EBL at Rs 1739.

Continuing the prior week’s dazzling performance, the secondary market today made a leap of 5.15 points.
 As the market has been gaining positive momentum from the past two weeks, the confidence among the investors towards the market is getting stronger every day.

The rise in the confidence sided by the investors' expectation of higher returns from the companies have kept the market so lively in recent days.