Development Banks' Dividend Payout History

Many people invest in dividend-paying stocks as dividend-paying stocks represent companies that are considered financially stable and mature, the stock prices of these companies may steadily increase over time while shareholders enjoy periodic dividend payments.

Out of all development Banks, Biratlaxmi Development Bank Limited (BLDBL) had issued highest dividend from the profit of fiscal year 2070/71.

Biratlaxmi Bikas Bank Limited (BLDBL) had provided 47.37 percent dividend from the profit of fiscal year 2070/71. It had also provided 27 percent dividend from the profit of fiscal year 2069/70.

BLDBL has posted a net profit of Rs 9.31 crore in the fourth quarter of fiscal year 2071/72. The profit rose by 39.92% compared to Rs 6.65 crore reported in the fourth quarter of fiscal year 2070/71.

Muktinath Bikas Bank Limited (MNBBL) has distributed 40 percent  dividend from the profit of fiscal year 2070/71. From the profit of fiscal year  2069/70 and 2068/69, the bank had distributed  27.5 and 50 percent dividend respectively.

From the profit of 2069/70 Excel Development Bank Limited (EDBL) had provided 52.42 percent dividend, it was highest dividend provided that year out of all development banks. From the profit of fiscal year 2070/71, the development bank had issued 36.84 percent dividend.

Check out Development Bank  stocks  offering high dividend yields. The dividend list of past four years. - SSN

2070/71
Symbol	Bonus Share %	Cash Dividend %	Total Dividend %
Biratlaxmi Bikash Bank Limited	45	2.37	47.37
Muktinath Bikas Bank Ltd.	38	2	40
Excel Development Bank Ltd.	35	1.84	36.84
Sahayogi Vikas Bank	26	10	36
Hamro Bikas Bank Ltd.	7	20	27
Miteri Development Bank Limited	25	1.316	26.316
Subhechha Bikas Bank Limited	14.34	11.66	26
BRGHT DEVELOPMENT BANK LTD	20	5	25
Kailash Bikas Bank Ltd.	15	10	25
Karnali Development Bank Limited	25	0	25
2069/70
Symbol	Bonus Share %	Cash Dividend %	Total Dividend %
Excel Development Bank Ltd.	50	2.64	52.64
Sahayogi Vikas Bank	26	8.5	34.5
Bageshowori Dev.Bank	32.12	0	32.12
Paschimanchal Grameen Bikas Bank Limited	15	15	30
Muktinath Bikas Bank Ltd.	20	7.5	27.5
Swabalamwan Bikash Bank	14	13.368	27.368
Biratlaxmi Bikash Bank Limited	27	0	27
Garima Bikas Bank Limited	20	5	25
Miteri Development Bank Limited	20	5	25
Pacific Development Bank Limtied	22	1.13	23.13
2068/69
Symbol	Bonus Share %	Cash Dividend %	Total Dividend %
NIDC DEVELOPMENT BANK LTD.	54	0	54
Muktinath Bikas Bank Ltd.	22.5	27.5	50
City Development Bank Limited	15	14	29
Sahayogi Vikas Bank	26	0	26
Excel Development Bank Ltd.	25	0	25
Garima Bikas Bank Limited	10	15	25
Resunga Bikas Bank Limited	22	1.16	23.16
Triveni Bikas Bank Limited	10	13	23
Miteri Development Bank Limited	20	0	20
Sewa Bikas Bank Limited	20	0	20
2067/68
Symbol	Bonus Share %	Cash Dividend %	Total Dividend %
Resunga Bikas Bank Limited	15	11.32	26.32
Excel Development Bank Ltd.	0	25	25
Sahayogi Vikas Bank	20	2.88	22.88
Gandaki Bikas Bank Limited	10	10	20
Garima Bikas Bank Limited	0	18	18
Sewa Bikas Bank Limited	0	18	18
Triveni Bikas Bank Limited	17	0	17
City Development Bank Limited	10	6.5	16.5
Bishwa Bikas Bank Limited	0	15.79	15.79
Western Development Bank Limited	0	15.79	15.79

NEPSE crosses level of 1200 to close at 1200.92 - NEW HISTORY MADE.

NEPSE index crosses the level of 1200 to close at 1200.92 recording surge of 9 points or 0.76 percent.

The total turnover of the day amounted Rs 77.31 crore where more than 16 lakh unit shares of 145 companies were traded through 5720 transactions.

The local bourse opened at 1191.93 this afternoon and went up to 1220 level within the initial hour and there after slipped meager points before closing at 1200.92 level.

Compulsorily trading of all commercial banks in demat led the investors ease in investing in those shares where the increase in demand of these shares has increased their respective share prices.

Maximum trading were done of shares like PRVU, SCBIL, NBB, GBIME, SBI, PCB, EBL and NABIL.

Shares price of companies like KMCDB, NICL, NLG, PIC, KBBL, JBBL and JEFL surged more than 8 percent today.

NEPSE has already broken the all-time high level and every surge in the level of the benchmark will take the NEPSE index to the new level.

HydroPower was the only sector to land in red today where Banking, Development and Finance gained 8.44 points, 10.42 points and 3.67 points respectively.

Insurance, Manufacturing and Others gained in double digits.- SSN

Prabhu Bank Ltd likely to issue 20% Right Share

Prabhu Bank Limited (PRVU) is in the final phase of acquiring Grand Bank and most probably  the integrated business will start by the end of Bhadra.

Special General Meeting (SGM) of Prabhu Bank Limited (PRVU) held on 7th Shrawan, 2072 had approved the acquisition of Grand Bank Limited. Prabhu Bank Limited (PRVU) acquiring Grand Bank Limited (GRAND) has been the first ever acquisition of a commercial bank by another in Nepal.

Ashok Sherchan, CEO of Prabhu Bank said, “ Prabhu bank has applied for the final approval in NRB and most probably NRB will be providing a final nod for joint operation within this week.”

Upon the NRB endorsement, the shareholders holding 100 units of Prabhu Bank shares will get  21.45 shares in premium, and the shareholders holding 100 units of Grand Bank will get 65.58 shares of Prabhu Bank, for that the separate book closure date will be published.

“Integrated operation of both the banks will commence by the end of Bhadra,”added Sherchan.

Prabhu Bank’s will also  be issuing 20 percent right shares to its shareholders within the a month.

“The right share has already received the ICRA rating and a separate book closure date will be published for it,” Sherchan said.

Nabil Investment Banking Limited has been assigned as the issue manager for the right issue.

Prabhu Bank has posted a net profit of Rs 1.03 arba in the fourth quarter of the last  fiscal year. The company reserve figure stands Rs 47.69  crore plus during the same period. The bank will pay out stock dividend this time to its shareholders from the profit of the last fiscal year.  The bank will not be providing any cash dividend as its NPL is at 7.39 percent.

However, any dividend will be claimed only on Rs 3.20 arba paid up capital.

The paid up capital of Prabhu will reach to Rs 5.92 arab after the issuance of 20% right share and after the finalization of the ongoing acquisition of Grand Bank and Nepal Development Bank.

It seems like Prabhu Bank will easily meet the paid up capital requirement of 8 arba within fiscal year  2074. -SSN

Reliable Microfinance Bittiya Sanstha IPO allotment - View Online IPO Results

Lamjung based--Reliable Microfinance Bittiya Sanstha Limited has concluded its IPO allotment yesterday at 5:00 PM at the premises of its issue manager Civil Capital Market Limited at Kamaladi, Kathmandu.

Reliable Microfinance had floated 1, 50,000 unit shares as part of its initial public offering (IPO). The offer closed on Ashad 25, 2072.

Since the allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 amount investors were decided through lottery.

Of the total 45,246 applicants only 13,995 investors got the shares.- SSN

CLICK TO VIEW ONLINE IPO RESULTS OF Reliable Microfinance Bittiya Sanstha Limited

Womi Microfinance Bittiya Sanstha IPO allotment - View Online IPO Results

Dhading based--Womi Microfinance Bittiya Sanstha Limited has concluded its IPO allotment yesterday at 9:00 AM at the premises of its issue manager NMB Capital Limited at Babar-Mahal, Kathmandu.

Womi Microfinance had floated 1, 47,000 units share as part of its initial public offering (IPO). The offer closed on Ashad 25, 2072.

Of the total 135,240 shares set aside for the general public; 40 % or 54,096 kitta shares were put aside for retail investors and 60 % or 81,144 shares under “other investor” category.  Retail investors applied for a total of 65, 35,060 kitta shares and those in the others category demanded 1, 10, 67,500 kittas.

Since the allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 1,000 to maximum Rs 1,00,000 amount investors were decided through lottery.

Of the total 55,700 applicants only 13,598 investors got the shares.

There were only 77 invalid applicants. Altogether 68 staffs were allotted 4, 410 units and six mutual fund schemes were given 7,350 unit shares.

The microfinance has set aside 4,410 unit shares for its employees and 7,350 unit shares for the existing 6 mutual fund companies on pro rata basis. The mutual fund schemes are Nabil Balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, and Siddhartha Investment Growth Scheme- 1.

The microfinance company plans to raise Rs 1.47 crore through the offer. After the IPO, the paid up will reach Rs 3 crore from the current Rs 1.53 crore.

After the IPO, the promoter-public ratio in the company will be 51% to 49%. - SSN


CLICK TO VIEW ONLINE IPO RESULTS OF Womi Microfinance Bittiya Sanstha Limited

Sanima Mai Hydropower posted a net profit of Rs 3.96 crore on FY 2071/72

Sanima Mai Hydropower Limited (SHPC) has posted a net profit of Rs 3.96 crore during the end of the FY 2071/72 whereas it had posted a loss of Rs 1.86 crore in the corresponding quarter of the current fiscal year.

It has earned Rs 8.13 crore as an income from the sale of electricity and Rs 12.93 lakh as an income from interest. Sanima Mai Hydro has paid up capital of Rs 1.05 arba and has reserve of Rs 1.95 crore. The company has debt of Rs 2.57 arba.

Its EPS stands at Rs 7.90, net worth per share at Rs 103.76 and cost income ratio at 0.02.

Mai Khola Hydropower Project 22 MW is evacuating its power through 33 KVA transmission line as temporary arrangement for power evacuation. The alternative temporary arrangement was done on 2071 Falgun 14. Till the end of Ashad 2072, the company has generated the invoice of NPR 8.13 crore. Mai Cascade Hydropower project 7 MW is in its final construction phase.- SSN

Agricultural Development Bank Ltd EPS at 43.52 in 4th quarter of fiscal year 2071/72

Despite of hefty amount of expenses on its staffs and huge provision for possible losses, profit’s of Agricultural Development Bank Ltd. (ADBL) has increased by 23.37 percent in the fourth quarter of the last fiscal year 2071/72.

According to the unaudited financial statement of the bank published today, its net profit rises to Rs 1.87 arba in the last fiscal year up from Rs 1.52 arba of net profit that it had posted in the corresponding period of the previous fiscal year 2070/71.

The statement shows that the bank, where the government has the majority of the stake, spent Rs 2.96 arba under the ‘staff expenses’ heading.

The bank’s provisioned Rs 93 crore for the possible losses.

The net interest income of the bank rises to Rs 5.21 arba from Rs 4.62 arba in the corresponding previous year quarter ending.

The bank was able to bring down its non-perform loan (NPL) by marginally to 4.53 percent from 5.46 percent.

The write back of Rs 60.23 crore from the amount it had earlier provisioned for the possible loss was also one of the main contributing factors for the profit of the bank.

The bank, however, observed a notable growth in the deposit and loan mobilization last year. It mobilized Rs 76.92 arba in deposit and Rs 66.60 arba in loans last year, up from Rs 65.18 arba in deposit and Rs 57.18 arba in loans in the previous year.

Its annualized EPS is at Rs 43.52, P/E ratio 9.92 times and net worth per share stands at Rs 233.99.

The company has provided 7% bonus and 8% cash dividend to its shareholders in FY 2070/71. - SSN

Everest Bank Ltd's 4th quarter report of fiscal year 2071/72

Everest Bank Limited (EBL) stated 1.59 percent increase in its net profit for the fourth quarter of the last fiscal year 2071/72.

In the unaudited financial report for the fourth quarter published today, the bank has stated that its net profit has increased to Rs 1.57 arba up from Rs 1.54 arba as compared to the corresponding quarter of the last fiscal year 2070/71.

The bank’s net interest income has slightly decreased to Rs 2.87 arba from Rs 2.91 arba as compared to the corresponding quarter which is mainly due to massive increment in deposits this fiscal year resulting higher interest expenses for the bank.

There is increase in the deposits to Rs 83.09 arba from Rs 62.10 arba and the loan also reached to Rs 55.36 arba from 48.45 arba in the published quarter.

Its non performing loan has reduced to 0.66 percent as compared to the corresponding quarter of last year which was 0.97 percent.

The EPS stands at Rs 78.04, the net worth per share at Rs 342.18 and the P/E ratio is 27.17 times.

The year-to-year growth of the bank based on 5 year data is 13.16 percent which indicates that the banks profit is growing at the pace of 13.16 percent per year.

Everest bank has offered 50 percent cash dividend and 12 percent bonus share to its shareholders last fiscal year i.e. 2070/71.-SS

Civil Bank Ltd's 4th quarter report of fiscal year 2071/72

Civil Bank Limited (CBL) has earned Rs 23.75 crore net profit during the fourth quarter of the last fiscal year 2071/72.

The bank’s able to earn Rs 85.16 crore net interest income whereas the bank mobilized Rs 26.65 arba in deposit and extended a loan of Rs 22.53 arba in loan and advances.
Its NPA stands at 3.2% whereas the bank provisioned Rs 38.53 crore for possible losses.

The Bank’s EPS is 8.23, P/E ratio is 32.82 times and its net worth stands at Rs 114.48.

Bank of Kathmandu Ltd's 4th quarter report of fiscal year 2071/72

Bank of Kathmandu Limited (BOK) has earned Rs 33.38 crore during the end of the last fiscal year 2071/72.
The bank has paid up capital of Rs 2.12 arba and it has Rs 1.76 arba in reserve and surplus account. BOK’s earned Rs 1.38 arba as net interest income.

The bank’s able to mobilize Rs 39.45 arba in deposit and extended a loan of Rs 33.38 arba during the last fiscal year 2071/72.
Its EPS is Rs 15.75, P/E ratio stands at 36.26 times and net worth per share stand at Rs 183.12. - SS

Kumari Bank Ltd's 4th quarter report of fiscal year 2071/72

Kumari Bank Limited (KBL) has earned Rs 35.27 crore during the end of the last fiscal year 2071/72. The net interest income stands at Rs 89.79 crore whereas the bank mobilizes Rs 33.42 arba in deposits and extended a loan of Rs 27.07 arba.

The bank provisioned Rs 31.47 crore for possible losses whereas it managed to write bank Rs 22.17 crore from the amount it provisioned earlier for the possible loss.The banks has non-performing loan of 2.76 % and its CD ratio stands at 74.66%.
Its EPS stands at Rs 14.51, P/E ratio at 27.23 times and net worth stands at Rs 136.5.

Mega Bank Ltd's 4th quarter report of fiscal year 2071/72

Mega Bank Limited (MEGA) has earned Rs 34.56 crore during the fourth quarter of the last fiscal year 2071/72.
The bank’s has paid up capital of Rs 2.60 arba and has Rs 47.83 crore in reserve and surplus. The bank’s able to earn Rs 89.06 crore net interest income.
The bank’s mobilized Rs 21.13 arba in deposit and extended Rs 17.54 arba in loan and advances.
The bank has provisioned Rs 15.54 crore for possible losses whereas it able to write bank only 3.12 crore.
The bank’s EPS stands at Rs 13.24, P/E ratio stands at 29.83 times and Net worth per share at Rs. 118.33- SS

Nepse index surges past previous high to 1,088.42 points

The bull run witnessed in the country’s only secondary market since the past two months continued in the trading week of August 9 to 14, driving up the Nepal Stock Exchange (Nepse) index to close at nearly a seven-year high of 1,088.42 points. The benchmark index soared by 48.06 points or 4.62 per cent week-on-week to breach the previous high of 1,083.55 points that was recorded on July 21, last year.

Investor optimism following the central bank’s latest monetary policy requiring financial institutions to increase their paid-up capital has been further boosted by the positive development at the political front.

Consequently, starting the week at the previous week’s close of 1,040.36 points, the benchmark index surged by 23.05 points by the day’s closing on Sunday. The Nepse index ascended by another 17.95 points on Monday, but shed 3.58 points and 0.59 points on Tuesday and Wednesday, respectively, due to profit-booking. However, the local bourse more than regained all the loss on Thursday by climbing 11.23 points. The last time Nepse had closed at the current level was on August 26, 2008, when it had rested at 1,087.80 points.

All in all, 5.56 million units of shares of 168 companies worth Rs 3.18 billion were traded at Nepse during the trading week through 21,487 transactions. The traded amount was 28.55 per cent higher than the preceding week when 17,482 transactions of 4.84 million scrips of 172 firms worth Rs 2.48 billion had been undertaken.
The sensitive index, which gauges the performance of class ‘A’ stocks, rose by 12.03 points to 234.81 points. Similarly, the float index that measures the performance of shares actually traded also added 2.96 points to land at 77.46 points during the review period.
While trading remained constant at 212.92 points, hydropower and finance were the only two subgroups to record losses.

The bull run in the stock market can be attributed to the massive demand for stocks of commercial banks as the banking subgroup has the highest stake in Nepse’s market capitalisation. The banking sub-index increased by 72.43 points to 1,021.34 points. Nabil Bank’s stocks closed at Rs 2,500 (up Rs 200), Standard Chartered’s at Rs 2,730 (up Rs 402), and Nepal Investment Bank’s at Rs 1,000 (up Rs 199), among others.

Meanwhile, similar to the previous week, insurance was the top gainer in the week, surging by 130.46 points to 4,609.67 points. Share value of National Life Insurance soared by Rs 115 to Rs 2,130 and that of Life Insurance Co Nepal by Rs 162 to Rs 3,352, among others.
Unilever’s scrips gaining a hefty Rs 2,300 to close at Rs 23,700 helped the manufacturing subgroup to more than recover the loss of the previous week and ascend by an impressive 125.29 points to rest at 1,802.76 points.

Hotels went up by 11.59 points to 1,875.79 points. Even as Oriental’s scrips dropped by Rs 28 to Rs 585 and Taragaon’s dipped by four rupees to land at Rs 241, the loss was offset by Soaltee’s shares edging up by eight rupees to Rs 438.

Nepal Telecom’s share value went up by six rupees to close at Rs 621, which in turn pulled up the others subgroup by 7.04 points to 729.57 points.

Development banks inched up by 2.85 points to 856.83 points. On the other hand, hydropower slumped by 40.38 points to 2,101.55, as Chilime’s shares lost Rs 61 to land at Rs 1,520 and Ridi Hydropower’s was down Rs 12 to Rs 395.
Likewise, finance dipped by 4.2 points to 539.28 points.NIC Asia Bank topped the chart in terms of number of shares traded and turnover, with 342,000 of its scrips worth Rs 281.57 million changing hands. Everest Bank with
Rs 206.32 million, Nepal Investment Bank with Rs 171.75 million, Nepal SBI Bank with Rs 141.76 million and Nepal Bangladesh Bank with Rs 138.63 million were the other firms to record high turnover during the review period.
Meanwhile, Century Commercial Bank was the forerunner with regards to number of transactions, clocking a total of 1,334 deals. - HNS

Nepal Telecom services income grows by 4.49%

Nepal Telecom (NT) has witnessed growth in its income from services by 4.49 per cent. Its unaudited financial report of the last fiscal year 2014-15 shows that the company earned Rs 37.18 billion.
The state-owned company’s income during the fiscal year 2013-14 was Rs 35.58 billion from services. This means the company has managed to post growth in its income from voice and data services, even though the company provided services worth Rs 1.46 billion for free immediately after the devastating quake of April 25.
The company’s total earning, including other incomes like interest on corporate bonds, debentures, pension fund and bank deposits in the last fiscal year stood at Rs 41.18 billion and net profit has gone up by double digits of 20 per cent in the last fiscal year to Rs 13.87 billion, against Rs 11.55 billion in the previous fiscal year.
However, the state-owned company has said that its net profit is subject to change depending on the decision regarding the GSM mobile licence renewal fee.
“The liability fee, if confirmed and quantified, will result in further cost to the company and hence, net profit after tax will be reduced,” as per the financial report.
As the government was yet to fix the revised rate of licence renewal fee, NTA in fiscal year 2013-14 had renewed its GSM mobile operating licence by paying only Rs 189 million against Rs 20 billion based on the existing provision. In the last fiscal year, the company’s expenditure came down to Rs 22.27 billion, down from previous fiscal year’s Rs 24.27 billion. This is solely because of decline in expense under the licensee fee.
As per the financial report, NT’s licence fee expense stood at Rs 64.73 million in the last fiscal year, while it was at Rs 3.35 billion in the corresponding year. All of its other expenses, including staff salary, operation and maintenance, administrative costs, royalty, contribution to Rural Telecommunication Development Fund, frequency fee and interest on subscribers have gone up.- Ktmpost

Bonus Shares & Cash Dividend List for fiscal year 2071/72

SN	COMPANY	BONUS SHARE %	CASH DIVIDEND %
1 2 3 4 5 6 7 8 9 10 11 12 13 14	Business Universal Development Bank Ltd. Citizens Bank International Limited First Microfinance Development Bank Ltd. Kailash Bikas Bank Ltd. Kamana Bikas Bank Limited Narayani National Finance Co. Ltd. Nepal Bangladesh Bank Ltd. Nepal Investment Bank Ltd. Purnima Bikas Bank Limited Ridi Hydropower Dev. Company Ltd. Sanima Bank Ltd. Siddhartha Development Bank Limited Swarojgar Laghu Bitta Bikas Bank Ltd. Tinau Development Bank Ltd	13 20 15 24 22.6 18 25 33 23.27 0 20 11 30 18	0.68 0 0.79 0 1.19 7 1.32 1.74 1.37 10.52 1.05 0.58 10.00 0.94

Click above links for detail

Tinau Development Bank announced 18% bonus shares

Tinau Development Bank Ltd has announced 18 percent bonus shares to its shareholders.
Issuing a statement, the Butwal-based development bank said that its board meeting held recently took a decision to distribute 18 percent bonus shares and 0.95 percent cash dividend for tax purpose from the profit it earned in Fiscal Year 2014/15.
The decision of the development bank, however, is subject to approval of the Nepal Rastra Bank and the upcoming annual general meeting of the bank. - Republica

Development banks licensed to operate in one-district ask NRB to lower new capital requirement

Expressing dissatisfaction over the recent decision of Nepal Rastra Bank (NRB) to increase their minimum paid-up capital requirement by 25 times, development banks licensed to operate in only one district have urged the central bank to increase their paid-up capital by only four times like other bank and financial institutions (BFIs).

Unveiling the Monetary Policy for Fiscal Year 2015/16, NRB asked BFIs to raise their minimum paid-up capital within two years. It has already directed them to present their capital plan with a clear timetable to its BFIs Regulation Department by mid-September.

While the NRB has asked commercial banks, other development banks and finance companies to raise paid-up capital by four times only, development banks operating in one to three districts have been asked to raise their paid-up capital by 25 times to Rs 500 million.

In a meeting with Meeting NRB Deputy Governor Gopal Prasad Kaphle on Friday, Development Bankers Association Nepal (DBAN) requested the central bank to revisit the decision. Bankers of development banks licensed to operate in only one district told Kaphle that it was almost impossible for them to arrange such a massive paid-up capital within two year.

"The delegation of DBAN, comprising of CEOs of 10 one-district development banks, requested the central bank to lower the paid-up capital requirement as it is difficult for them to increase the capital by 25 times," Krishna Prasad Lamichhane, president of DBAN, told Republica. "Their concern is that the capital is too high for the promoters to put in extra money while they will not be acquired or merged by other capital-starved BFIs as their low-capital will mean nothing for the partner."

According to DBAN President Lamichhane, bankers of the one-district level development banks have sought the option from the central bank to be downgraded to 'D' class micro finance if new paid-up capital requirement cannot be lowered.

According to NRB, there are 12 one-district level development banks across the country.-Republica

TOP FIVE NEPSE COMPANIES OF FISCAL YEAR 2071/2072

TOP FIVE NEPSE COMPANIES OF FISCAL YEAR 2071/2072

As of upto2015/8/13 

NEPSE at seven-year high of 1,088.42 points

Nepal Stock Exchange (Nepse) benchmark index jumped by 25 points this week to close at seven-year high of 1,088.42 points on Thursday.

Gurans Life Insurance to convert 19% promoter shares into ordinary.

Gurans Life Insurance has concluded its sixth annual general meeting. The meeting has decided to convert 19 percent of the promoter shares into ordinary shares. With this, the ratio of promoter and ordinary shares will be 51:49. The meeting also elected Motilal Dugar as the new chairman. The new board of directors consist of Malchand Dugar, Jyoti Kumar Begani, Deepak Nepal, Apachha Kumar Yadab and Bishal Tated. (PR)- Ktm Post

Century Commercial Bank has Anuj Mani Timilsina as CEO

Anuj Mani Timilsina has been appointed as the chief executive officer of Century Commercial Bank. The 172nd board of directors’ meeting decided to name Timilsina as the new CEO. Timilsina has been the deputy CEO of the bank for the last one and half years. He has 18 years’ experience in various other commercial banks. (PR)- Ktmpost