Narayani National Finance Ltd proposed 18% bonus share & 7% cash dividend

Narayani National Finance Ltd. has informed NEPSE on 2072-05-30 at 10:50 AM that the BOD meeting of the company held on 2072-05-29 has proposed 18% stock dividend and 7% cash dividend to its shareholders which subject to the approval of NRB and its upcoming AGM. -SSN

Narayani National 12.63% cash dividend, Reliance finance offers 8% cash dividend

Narayani National and Reliance finance companies have announced their Annual General Meetings to distribute dividends, inter alias.

Narayani National finance is holding its 21st AGM on December 17 at Lainchaur in Kathmandu.

The AGM is expected to endorse 12.63 percent cash dividend from the net profit the finance companies posted in the last fiscal year 2069/70.

Mergers of Banks & financial institutions gain momentum

The merger policy introduced by the central bank two years back has been successful as almost one-fourth of the financial institutions have opted for mergers since then.

Since April 2011, when Nepal Rastra Bank (NRB) introduced the Merger Bylaws, 43 financial institutions have merged so far and 13 more are in the process of merging.

Narayani National Finance Ltd. net profit of Rs 98.879 million

Narayani National Finance Ltd. has posted net profit of Rs 98.879 million and published company analysis during the 4th quarter of the fiscal year 2069/70

Unaudited Report

Narayani Finance & Nepal Express Finance post Rs9.88 crore & Rs2.29 crore net profits.

Narayani National Finance Limited has reported 45.49 % increase in its net profit for FY 2069/70. The finance company earned a net profit of Rs 9.88 crore as compared to Rs 6.79 crore in the last fiscal.

Narayani’s deposits rose to Rs 3.73 arba from Rs 3.10 arba in the last fiscal. The company has forwarded loan and advances of Rs 3.51 arba. The finance company’s EPS stands at Rs 15.27 and net worth at Rs 141.94.