Nepal Investment Bank proposes 10% bonus share & 25% cash dividend

Nepal Investment Bank Limited has proposed 35 percent dividend – 10 percent bonus share and 25 percent cash—to its shareholders from the net profit it registered in the last fiscal year 2069/70.

The commercial bank with the largest number of account holders had earned a net profit of Rs 1.99 arba in the last fiscal year.

Global IME Bank proposes15% bonus share

Global IME Bank has proposed 15 percent bonus share to its shareholders from the net profit it registered in the last fiscal year 2069/70.

The commercial bank had earned a net profit of Rs 55 crore in the last fiscal year.

Sanima Bank reports astounding 60% growth in net profit in Q1

Sanima Bank Limited has reported a hefty profit in the first quarter of the current fiscal year 2069/70.

The commercial bank’s net profit surged to Rs 8.63 crore in the first quarter compared to just Rs 5.42 crore in the corresponding quarter last fiscal year, according to the unaudited first quarterly report it has published today.

NEPSE incline by 0.73 to 579.41; hefty transaction of NCC Bank

Making a see-saw movement, the market index came to avoid a loss by the end of today’s session to sustain in green. The secondary market managed to prolong its incline by a further 0.73 points, to close at 579.41 levels.

Janaki Finance posts marginal dip in profit in first quarter; NPL worrisome

Janaki Finance Company Limited has reported a marginal dip in profit of 0.87 percent in the first quarter of the current fiscal year 2069/70 compared to the corresponding quarter.

Brokers apply for clearing membership

With brokers applying for the clearing membership, all the components required to run a central depository system seem to be coming together. However, the ineligibility of most of the brokers to work as Depository Participant (DP) might hamper the smooth operation of CDS and Clearing Ltd (CDSC).

NCC Bank marks 17th anniversary

NCC Bank marked its 17th anniversary by organising a blood donation programme on Wednesday. Bank Chairman Prithvi Raj Ligal inaugurated the event which saw around 100 staff, customers, shareholders donate blood, a bank statement said, adding that it will continue such CSR initiatives in the days ahead.

Gold buyers smiling, Rs 56,600 per tola

Gold buyers are in a better mood as the yellow metal fell Rs 600 per tola on Wednesday. Fears of prices hitting new highs due to the festive rush had got potential customers worried lately.

NEPSE flourish by 3.06 points to 578.68 as investors opt entry

Continuing its yesterday’s recovery, the stock index of Nepal today further flourish by 3.06 points, propelling the NEPSE index to 578.68 levels.

Standard Chartered book closure from today & AGM on Dec 3, 10% bonus share & 40 percent cash proposed

Standard Chartered Bank Nepal Limited has announced the book closure from today in run up to its Annual General Meeting slated for December 3.

Garima Bikas Bank net profit rises by 83% in Q1; Muktinath Bikas Bank posts net profit of Rs 2.47 crore

Garima Bikas Bank Limited has reported almost a double profit in the first quarter of the current fiscal year 2070/71 as compared to the corresponding quarter last year while Muktinath Bikas Bank Limited has posted an impressive net interest income, though it could register only slight profit.

Civic Development Bank to give 9% cash dividend, Gaurishankar Development Bank proposes 20% cash dividend

Civic Development Bank will distribute 9 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.Nepal Rastra Bank has approved the dividend.

Nepal Bangladesh Bank to auction thousands of promoter & ordinary shares of NBB & NCCB

Nepal Bangladesh Bank Limited has issued a 21-day notice today for the auction of both promoter as well as ordinary shares held by the promoters related to NB Group.

Court ordered closure of United Bikas Bank

The Appellate Court Hetauda has formally ordered the closure of United Bikas Bank.

A joint bench of judges Jeevan Hari Adhikari and Sarita Sharma has ordered the revocation of the development bank based in Jeetpur, Bara, and appointment chartered accountant Jagadish Bhattarai as the liquidator.

IPO public shares result of Sanima Mai Hydropower Ltd & Kalika Micro Credit Dev. Bank Ltd on Friday

The allotment of IPO equity shares of Kalika Micro Credit Development Bank Limited and Sanima Mai Hydropower Limited will take place this week.

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.

Nepse breaks losing streak to retrieve by 0.21 points to close at 575.62 levels

Finally, the stock market of Nepal managed to halt its downward rally after falling for five continuous trading days. The stock by the end of today’s session came to retrieve by 0.21 points to close at 575.62 levels.

Bhrikuti Dev Bank proposes 20% bonus share, Guheswori Merchant Banking & Finance Ltd offers 17% dividend

Bhrikuti Development Bank has proposed 20 percent bonus share from its net profit in the last fiscal year.

The bank based in Butwal had posted a net profit of Rs 8.41 crore in the last fiscal year.

It had distributed 15 percent bonus shares last year.

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.

OM Finance AGM on Nov 2, 20% bonus share; Rs 20 crore debenture in the pipeline

Om Finance Limited will hold its 13th Annual General Meeting in Pokhara on November 2.

The AGM will distribute 20 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.

Greenhill City offers standalone houses for Rs 50 lakh, land for just Rs 18 lakh

Targeting the festive season, Greenhill City Private Limited has offered 10 percent discount on the purchase of standalone houses and plots of land at Greenhill City at Jorpati-Mulpani.

Greenhill City, which is being developed by the company that had successfully launched Rose Valley at Balkot, is spread across 320 ropanis of land, merely 5 minutes away from Boudha.

Victims demand auction of properties of Oriental Builders at market price

The depositors of Oriental Cooperative have demanded auction of the properties of the cooperative at prevailing market price, alleging that NIC Asia Bank was trying to auction the properties in an “unjust” manner.

The depositors of the cooperative in crisis claim that the bank is trying to auction the properties of Oriental Builders, a subsidiary of the cooperatives, so as just to recover its loan.

Nepse falls to 575.41

Enduring yet another tumble, the market index came to suffer a loss of 2.36 points by the end of today’s session. With today’s decline, the local bourse has come to sustain plunge for the fifth straight trading days—the stock index till date has come to decrease by 12.51 points.

City Development Bank endorses 22.5% bonus share; 30% rights shares in the offing

City Development Bank Limited has approved of 22.5 percent bonus share from the net profit it registered in the last fiscal year 2069/70.

The seventh AGM of the development bank held yesterday also decided to issue 30 percent rights share once its paid-up capital surges to Rs 30.8 crore after the distribution of the bonus shares.

Prabhu Bikas to be commercial bank; planning merger with Grand Bank, Nepal Housing & Merchant, Kathmandu Finance and NDEP

Prabhu Bikas Bank is making preparations to upgrade it into a commercial bank.
Only three months back it had transformed into a National level development bank, merging a few Banking and Financial Institutions.

Miteri Development Bank distributing 5% cash dividend warrant from today & 20% bonus share on its way

Miteri Development Bank is distributing 5 percent cash dividend warrant from today.

The moves comes a day after the 8th AGM of the class ‘B’ development bank decided to provide 25 percent dividend — 20 percent bonus share and 5 percent cash — to the shareholders from the net profit it earned in the last fiscal year .

Garima Bikas Bank Ltd is issuing rights shares at 2:1 ratio from today

Garima Bikas Bank Limited is issuing 11 lakh units of  rights shares at 2:1 ratio from today.

 The class ‘B’ development bank based in Pokhara has informed that the shareholders of face value Rs 100 can apply for the rights issue at any of its branches or at its RTS, Elite Capital Limited at Nachghar, Jamal in Kathmandu.

Sunrise Bank plan 11% dividend & merge with H & B Development Bank

Sunrise Commercial Bank Limited has been holding series of discussion with H & B Development Bank for a merger.

“We have hold three rounds of discussion with H & B Development Bank,” head of Share and Legal Department of Sunrise Bank Tika Bhattarai told .

IPO issue worth 3.97 arba & rights shares of 6.18 arba in the pipeline

Altogether 17 companies, including a commercial bank, have applied at the Securities Board of Nepal (SEBON) to issue the Initial Public Offer (IPO), which collectively comes to the tune of Rs 3.97 arba.

Moreover, 34 companies have sought the regulatory body’s approval for issuance of rights shares worth Rs 6.19 arba, according to SEBON sources.

52.63 % dividend of Excel Dev Bank, 19% bonus share of Triveni Bikas Bank approved; Mahakali Bikas Bank proposes 18.9% dividend

Nepal Rastra Bank has endorsed 52.63 percent dividend – 50 percent bonus shares and 2.64 percent cash — proposed by Excel Development Bank Limited from the profit it posted in the last fiscal year.

After the distribution of the bonus shares, the development bank’s paid-up capital will rise to Rs 15 crore.

Standard Chartered Bank Nepal proposed 10% bonus share & 40% cash dividend

Standard Chartered Bank Nepal Limited is holding its Annual General Meeting on December 3, and has also announced the book closure for the same from October 30.
 The 311th meeting of the bank’s Board of Directors took the decision to this effect, according to a notice issued by the bank .

Everest Bank distributing 10% bonus share & 50% cash dividend on ordinary shares, 7% return on preference shares, 20% converted certificates

Everest Bank Limited has formally announced distribution of 60 percent dividend for ordinary shares and 7 percent fixed return on preference shares.

It may be noted here that with this return on the preference shares, 20 percent of the preference shares have also been converted to ordinary shares for the second time.

Om Finance Ltd reports 67.89% profit rise in Q1

Om Finance Limited’s profit surged by a massive 67.89 percent in the first quarter of the current fiscal year 2070/71 compared to the last corresponding quarter.

Soaltee Hotel Ltd proposed 40% bonus share & 12.632% cash dividend

Soaltee Hotel Limited has proposed 52.63 percent dividend, including 40% bonus share and 12.632% cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.

A meeting of the five-star hotel has just taken the decision to this effect. It has also decided to hold its Annual General Meeting on December 16.

Subbechha Bikas Bank propose 10% bonus share & 9.5% cash dividend

Subbechha Bikas Bank has proposed 19.5 percent dividend – 10 percent bonus share and 9.5 percent cash – from the net profit it registered in the last fiscal year.

A meeting of the Board of Directors of the development bank has just taken the decision to this effect.

Muktinath Bikas Bank posts Rs 3.9 crore operating profit in Q1

Muktinath Bikas Bank has registered an operating profit of Rs 3.9 crore in the first quarter of the current fiscal year 2070/71.

According to the development bank’s CEO Bharat Raj Dhakal, they have also mobilized 3.95 arba in deposit and 3.35 arba in loan.

Kalika & Sanima Mai Hydro IPO public share allotment result before Tihar

The allotment of IPO equity shares of Kalika Micro Credit Development Bank Limited and Sanima Mai Hydropower Limited will take place before Tihar.

Issue manager of Kalika Micro Credit, NMB Capital Limited and the issue manager of Samina Mai Hydropower told today.

Matribhumi Bikas Bank Ltd to issue IPO public shares on Nov 10, 2013

Matribhumi Bikas Bank Limited is going to float the Initial Public Offer (IPO) of 1.54 lakh unit equity shares of face value Rs 100 from November 10.

The development bank has appointed Civil Capital Limited as its issue manager.

City Development Bank profit rises by 151% in Q1 2070

City Development Bank Limited has stated that it has posted a huge profit of almost three times in the first quarter of the current fiscal year 2070/71 compared to the corresponding quarter last year.

Western Development Bank rights shares at 3:2 ratio from Nov 10

Western Development Bank Limited is issuing 4 lakh units of rights shares at 3:2 ratio from November 10.

The issuance of the rights shares of Rs 100 face value will be handled by Growmore Merchant Banker, the RTS of the development bank.

Citizens Bank to distribute 15% cash dividend from 5th Kartik 2070

Citizens Bank International Limited is distributing 15 percent cash dividend to its shareholders from the net profit it generated in the last fiscal year 2069/70 from 5th Kartik 2070.

Naya Nepal Lagubitta IPO closes today, oversubscribed by more than 16 times by day 3

The Initial Public Offering (IPO) of Naya Nepal Lagubitta Bikash Bank is closing today. It has already been oversubscribed by more than 16 times by the first three days of its issuance, according to NMB Capital, which is managing the IPO issue.

The microfinance development bank had floated 60,000 unit equity shares of face value Rs 100 each on October 3.

Gurans Life Insurance to issue Right shares 10:3 from Nov 1

Gurans Life Insurance Company Limited is issuing 11.66 lakh unit rights shares to its shareholders at 10:3 ratio from November 1.

The issuance of rights shares of Rs 100 face value will close on December 5, according to a notice published by the insurance company today.

Surya Life Insurance rights shares issue closing today

The issuance of rights shares of Surya Life Insurance Company Limited is closing today.

The insurance company had floated 8.87 lakh units of rights shares to the shareholders from 18th Bhadra at 10:2.15 ratio.

Nepal SBI Bank's net profit increased by 60.69% to Rs 771 million in fiscal year 2012/13

Nepal SBI Bank has said its net profit increased by 60.69 percent to Rs 771 million in fiscal year 2012/13. Organizing a press meet in the capital, the bank said its Capital Adequacy Ratio (CAR) stands at 12.39 percent as against the regulatory stipulation of 10 percent.

NEPSE to 555.66 levels, Eight months high.

Breaching passed the resistance of 552 levels, the Nepse index today rallied its way up to the level of eight months high.

The market index today came to add 4 points to its tally, pushing the benchmark index to the 555.66 levels.

Naya Nepal Lagubitta IPO oversubscribed by more than 2 times on the first day

The Initial Public Offering (IPO) of Naya Nepal Lagubitta Bikash Bank was oversubscribed by more than two times in the first day of its issuance.

The microfinance development bank had floated 60,000 unit equity shares of face value Rs 100 each on October 3.

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.

Janata Bank appointed Bhattarai as CEO.

Janata Bank Nepal board has appointed Ramesh Kumar Bhattarai as chief executive officer, effective from Wednesday. Bhattarai, a PhD from Delhi University, was associated with the government enterprises like Employees Provident Fund and various commercial banks.

Share market static as Dashain approaches

The stock exchange this week — September 29 to October 3 — witnessed more than 45.6 million units of ordinary shares getting listed, while the market remained almost static due to the fast approaching Dashain.

Four financial institutions — Rural Microfinance Development Center, Hamro Bikas Bank, Jebil’s Finance and Sana Kisan Bikas Bank — that had conducted their Initial Public Offerings in July, got their 9.8 million units of ordinary shares listed at Nepal Stock Exchange (Nepse) for trading this week.

Nepal Telecom announces Dashain & Tihar festival offer

Nepal Telecom has announced special offer on its services starting October 10.

The state-owned telco is offering 50 percent discount on SMS within its network from October 10 to October 18 and November 2 to 9.

Gold dearer by Rs 900 per tola, Nepali rupee improves against USD

The price of hallmark gold has increased by Rs.900 per tola on Friday.

The Federation of Nepal Gold and Silver Dealers' Association (FNEGOSIDA) has fixed the price of yellow metal at Rs. 55,000 per tola (11.664 gram) on the last trading day of the week.

Dividend announcements fail to attract investors

Despite the attractive dividend announcements, lack of bonus shares dampened investor confidence and share prices failed to increase.

This year, the dividend offering has risen in comparison to last year especially by finance companies and development banks. However, since the past one and a half months, the stock index of the three subgroups commercial banks, development banks and finance companies  has remained static.

Global IME Bank launched ‘Easy Buy, Easy Pay’ scheme for Dashain & Tihar festival

Global IME Bank has launched a scheme called ‘Easy Buy, Easy Pay’ under which credit card holders of the institution will be extended credit facility to purchase goods worth Rs 25,000 to Rs 200,000 at zero per cent interest.

Prime Commercial Bank Ltd proposed 10% bonus shares & 5% cash dividend.

Prime Commercial Bank Limited has proposed 15 percent dividend -- 10 bonus shares and 5 percent cash – to its shareholders from the net profit it earned in the last fiscal year of 2069/70.