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

Mega Bank Limited (MEGA) - Fundamental Analysis of FY 2070/71

मेगा बैंक नेपाल लिमिटेडको विश्लेषण
पूँजी, जगेडा, निक्षेप तथा लगानी
चुक्ता पूँजी २ अरब ३३ करोड, संचित कोष ४३ करोड २२ लाख ९५ हजार, सापटी ३७ करोड ९६ लाख ३२ हजार, निक्षेप १७ अरब १४ करोड ७६ लाख ४९ हजार, कर्जा लगानी १४ अरब ४९ करोड ६३ लाख २६ हजार र अन्य लगानी २ अरब ५० करोड ७६ लाख ४० हजार रहेको छ / 

नाफा नोक्सान
खुद व्याज आम्दानी ८२ करोड १२ लाख २३ हजार र अन्य आम्दानी २० करोड ४० लाख ७६ गरी जम्मा १ अरब २ करोड ५२ लाख ९९ हजार कुल आम्दानी गरेको छ / कर्मचारी र संचालन खर्च पश्चातको कुल आम्दानी रु. ६० करोड ८४ लाख ५९ हजार रहेको छ / 

Mega Bank endorses 9% cash dividend

Mega Bank Nepal Limited’s third Annual General Meeting has formally endorsed 9 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.

Incepted less than two years ago, Mega Bank had posted an impressive net profit of Rs.17.73 in the last fiscal year.

Chairman of the bank Prof Dr Madad Kumar Dahal said that the bank felt proud to offer dividend to the shareholders in the first year itself.

CEO of the bank Anil Keshari Shah informed that Mega Bank has been in profit ever since its inception.

The AGM of the young commercial bank held at Nepal Academy Hall also elected two directors from among the ordinary shareholders unanimously. The election was more of a formality since the shareholders had already decided to unanimously elect Chet Narayan Pandey and Dipendra Agrawal head of the AGM.

Mega Bank Nepal Limited had gone on to post an astounding 291 percent growth in net profit in the first quarter of the current fiscal year 2070/71.

Its net profit has surged to Rs 10.18 crore from Rs 2.60 crore in the corresponding quarter of the last fiscal year.

The profit was largely propelled by its core business as shown by its net interest income, which rose to Rs 19.54 crore in the first quarter, up from Rs 1.39 crore in the corresponding quarter.

Its EPS annualized stand at Rs 16.98 and per share net worth at Rs 118.61. -SSN

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Mega Bank AGM on January 13; 9% Cash dividend guaranteed

Mega Bank Nepal Limited has decided to holds its third Annual General Meeting on January 13.

The AGM of the young commercial bank is due to endorse 9 percent cash dividend to the shareholders from the net profit it earned in the last fiscal year 2069/70.

NEPSE Index up despite profit booking by investors

The stock index rose despite the heavy profit booking by investors on increased share prices this week — December 8 to 12.

The index gained 6.5 points — one per cent — on the week’s trading, following last week’s never-seen-before jump.

Mega Bank Nepal retains existing CEO Anil Keshary Shah

Mega Bank Nepal has extended the term of its existing CEO Anil Keshary Shah. The bank decided to extend his term by another four years till December 9, 2017, during the bank’s board meeting held today. The 28th commercial bank of Nepal came into operation in July 2010. Shah, 47, has previously worked for Standard Chartered Bank Nepal and Nabil Bank. He was the founding CEO of Nabil Bank.

Mega Bank’s profit grows by 291 percent in Q1

Mega Bank Nepal Limited has posted an astounding 291 percent growth in net profit in the first quarter of the current fiscal year 2070/71.

According to the unaudited quarterly report the bank has published today, its net profit surged to Rs 10.18 crore from Rs 2.60 crore in the corresponding quarter of the last fiscal year.

Nepse index up as companies announce dividends

The dividend announcements seem to have buoyed investors as the market reacted positively to the string of dividends declared this week — September 8 to 12.

The index gained 2.95 points on the week’s trading as the dividend announcements of Chilime Hydropower, Nabil Bank and Everest Bank affected the market. Chilime’s shares registered a gain of Rs 83 per unit, while Nabil Bank’s shares shot up by Rs 145 per unit. However, Everest Bank’s shares suffered as the dividend announcement though hefty disappointed investors by its scanty bonus share allotments and its shares fell by Rs 187 per unit.

Mega’s impressive debut at Rs 181 per unit

On the first ever day of its trading, Mega Bank Limited shares were traded over 80% percent above par value on Sunday.
The shares, which were priced at Rs 188 per unit when the Nepse trading floor opened for the week on Sunday morning, closed at Rs 181 per unit.

Financial indicators of Commercial Banks of FY 2069/70

Financial indicators of Commercial Banks of the fiscal year 2069/70

Name of the company:                               Paid up captial /     Reserve /      Net Profit (Loss) / NPL   / EPS / P/E Ratio/ NWPS
1. Agricultural Development Bank Limited:    9636.800m        /5758.292m/           2259.947m      /5.72%  /58.55      /3.62     /267.88
2. Bank of Kathmandu Limited:                        1684.397m        /1632.658m             /617.090m      /1.50%   /36.64      /15.09   /196.93
3. Citizens' Bank International Bank Limited:   2101.84m        / 567.149 m             / 399.608 m    /2.02%   /19.01      /14.04   /126.98
4. Civil Bank Limited:                                             2000m            /153.099m               /121.264m     /0.50%    /7.56       /19.70   /107.65

Mega Bank shares to hit trading floor early next week

There is a strong likelihood that trading in Mega Bank shares will begin from Monday next week. The shares of Mega Bank have already been listed at NEPSE, which allows trading in new shares only one week after they are listed.

Mega Bank shares trading by 2nd week of Sept, Nabil Investment, its Share Registrar

Mega Bank Nepal Limited has appointed Nabil Investment as its Share Registrar. Mega Bank CEO Mr Anil Keshary Shah and CEO of Nabil Investment Banking Limited, Mr. Praveen Raman Parajuli, signed on the agreement at Mega Bank’s Head Office in Kantipath.

Mega Bank net profit 17.73 cr & Standard Chartered Bank profits 1.21 arba

Mega Bank reported 146.81% surge in net profit for FY 2069/70, bringing the total income to Rs 17.73 crore, a considerable growth compared to Rs 7.18 crore reported for the last fiscal.

The bank’s deposits increased 36.34% to Rs 12.53 arba and loans and advances grew 44.48% to Rs 11.46 arba. Mega Bank’s EPS stands at Rs 7.61 and its net worth at Rs 114.24.

Mega Bank 8% dividend & listing at 200 likely, begins share certificate distribution.

Mega Bank has announced to distribute its share certificates from today. The bank is expected to announce a profit of Rs 17 crore. An official with Mega said the bank is likely to offer 8% dividend to its shareholders.   

Meanwhile, it has been revealed that the bank’s IPO allotment advice slip is trading at Rs 170 to Rs 180 in the informal OTC market. Considering the price in the informal trading, the bank’s shares are expected to be traded at around Rs 200 or above after listing in the stock market.

Nepse up 12.59 points

The Nepal Stock Exchange (Nepse) index gained 12.59 points this week as investors´ confidence improved in anticipation of cheaper loans after the recently introduced monetary policy reduced spread rate for banks.
In the monetary policy for fiscal year 2013/14, Nepal Rastra Bank (NRB) has reduced spread rate - the difference in interest rates on loan and deposit - to 5 percent from 7 percent.

Mega Bank, Xpress Money Services Money join hands

Mega Bank Nepal and Xpress Money Services have signed a “Money Transfer Services Agreement” under which Mega Bank will process remittance payments sent from Xpress Money Services. Raveena Desraj Shrestha, chief business officer of Mega Bank, and Sudesh Giriyan, vice president of Xpress Money, signed the agreement.

Bank deposits down by Rs 16 billion over first fortnight.

Deposits at commercial banks fell by Rs 16 billion over the first fortnight of the fiscal year 2013/14.

Commercial banks had reported total deposits of Rs 1000.17 billion at the end of the last fiscal year when huge amount of public money flowed into the market due to rapid pace of development works. Now, the development activities have come to a standstill with the beginning of new fiscal year leading to increasing withdrawal of deposits from the banks.

Commercial banks should maintain institutional deposits at less than 60%, NRB

With the Nepal Rastra Bank (NRB) directing commercial banks to maintain institutional deposits at less than 60 percent of their total deposits, newer banks will be in a difficult position to implement the NRB directive.
In its new monetary policy, the NRB has asked commercial banks to lessen their dependence on institutional depositors. The central bank adopted such a policy as a precautionary measure against a possible liquidity crisis when a few big institutional depositors withdraw deposits.

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.

Mega Bank Nepal marks third anniversary

Mega Bank Nepal on Monday marked its third anniversary. Having started its operations from 7th Shrawan, 2067, the bank has become successful in opening 28 branches and 45 branchless banking outlets across the country. On the occasion, the bank supported Mahakali Jana Jyoti School located in Bhujela, Kanchanpur, with Rs 100,000 for reconstruction of the school building which was devastated by recent floods. The bank has said it earned a net profit of Rs 24.3 million in the first year of its operation, Rs 71.8 million in the second year and is expected to show a satisfactory growth in line with its strategy. According to the bank, it aims towards positioning itself among the leading banks of the country and being considered a model bank in the industry.
src : kathmandu post