Nabil Balanced Fund-1 NAV nudges to 13.31, yet Rs 11.88 at NEPSE

Nabil Balanced Fund-1, a closed-end 5 years mutual fund scheme managed by Nabil Investment Banking Limited, has reported an impressive growth of its net asset value (NAV) to Rs 13.31 for the month of Mangshir, up from 11.64 posted in Ashwin.

The significant growth the mutual fund witnessed over the month is attributed to the overall rally in the market, more than other factors such as better understanding of such schemes and the dividend the scheme is pledging, which is better than the pledged amount.

Insurance Board halted transaction of NB Insurance due to financial troubles.

The Insurance Board (IB) has halted the entire transaction of NB Insurance, which has long been facing financial troubles.

The board took the step on Sunday after the non-life insurance company failed to implement the directives issued by the insurance sector regulator. IB Spokesperson Raj Kumar Aryal said they halted the company’s transactions after it was found not implementing the directives of the board, besides being in poor financial condition.

Sewa Bikas Bank & Muktinath Bikas Bank distributing 12% & 20% bonus share certificate from Dec 29.

Muktinath Bikas Bank Limited is distributing 20 percent bonus share certificates to its shareholders from today.
Growmore Merchant Banker Limited is the RTS.

The Annual General Meeting of Muktinath Bikas Bank held earlier this month had formally endorsed 27.5 percent dividend –20 percent bonus shares and 7.5 percent cash—to the shareholders from the net profit it earned in the last fiscal year 2069/70.

Matribhumi Bikas Bank IPO public share allotted flatly at 19.33%, View results Online !!

Matribhumi Bikas Bank Limited has been finally allotted flatly at 19.33 percent.

As the IPO was oversubscribed by five percent, those who applied up to 40 units have been placed under the lottery.

There were 2,047 applicants, mostly from the locals of Sindhuli where the bank is based, according to the issue manager Civil Capital Markets. And there were 245 applications from big and institutional investors for 1.54 lakh unit equity shares.

Nepal Investment Bank approved 10% stock dividend & 25% cash, increases its capital base to Rs 4.14 billion

Nepal Investment Bank Limited (NIBL) is increasing its capital base to Rs 4.14 billion, which it says will be the highest among private banks.

An NIBL Annual General Meeting (AGM) on Thursday approved 10 percent stock dividend worth Rs 376.8 million. The bank also approved 25 percent cash dividend worth Rs 942 million to its shareholders from the net profit of fiscal year 2012-13, the bank said in a statement.