Grand Bank barred from opening new deposit accounts & providing loans by NRB

Nepal Rastra Bank (NRB) has taken prompt corrective action (PCA) against Grand Bank, barring it from opening additional deposit accounts and providing loans as its capital adequacy ratio (CAR) dropped to 4.07 percent due to massive losses, said officials.

Grand Bank Ltd. - Fundamental Analysis of FY 2070/2071

ग्राण्ड बैंक नेपाल लिमिटेडको विश्लेषण
पूँजी, जगेडा, निक्षेप तथा लगानी
स्तरोन्नति भइ वाणिज्य बैंक बन्ने यो पहिलो विकास बैंक हो / साबिकमा डेभलपमेन्ट क्रेडिट बैंक र स्तरोन्नति भइ डिसिविएल बैंक हुँदै हाल ग्राण्ड बैंक नेपाल लिमिटेडको रुपमा यसले अहिले कारोबार गरिरहेको छ / चुक्ता पूँजी २ अरब, जगेडा कोष १ अरब ४२ करोड ३६ लाख १२ हजार ऋणात्मक, निक्षेप २१ अरब २० करोड १२ लाख ३३ हजार, कर्जा लगानी १५ अरब १४ करोड ९९ लाख ४७ हजार र अन्य लगानी १ अरब ५७ करोड १५ लाख ४० हजार रहेको छ | 

Profitability of commercial banks down to 19.23pc on FY 2070/71

Profitability of commercial banks took a beating last fiscal year, as capital fund bulged, while earnings grew moderately.

Average return on equity (RoE) — a measure to gauge profitability — of 30 commercial banks stood at 19.23 per cent in mid-July, as against 22.19 per cent in the same period the previous fiscal. (The RoE was calculated by comparing capital fund of mid-July, 2013 with net profit of fiscal 2013-14 that ended in mid-July, 2014.)

Grand Bank Nepal Limited proposes 4.75 percent cash dividend

Grand Bank Nepal Limited has proposed 4.75 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.

The proposed dividend, however, is subject to the approval of Nepal Rastra Bank and the upcoming AGM of the commercial bank.

Grand Bank had posted a net profit of Rs.20.05 crore in the last fiscal year of 2069/70.- SSN

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.

Kumari Bank, Grand Bank post profit 29.15 cr & 20.05 cr

Kumari Bank Limited posted a lowly 5.82% growth in profit for the FY 2069/70. The bank made profits of Rs 29.15 crore, a slight growth over Rs 27.55 crore reported last year.

The bank’s deposits grew 15.16% to Rs 25.31 arba and its loans and advances increased 11.15% to Rs 20.11 arba.

Mega Bank net profit 17crore, Janata Bank 19.77crore, Lumbini Bank 15crore.

Tentative profit figures of some financial institutions indicate that fiscal year 2069/70 was a bonanza year for banks and financial institutions.

Sources told ShareSansar that the latest among the banks making money hand over fist are Janata Bank, Mega Bank and Grand Bank.