NMB Bank Ltd announced 20% bonus shares & 1% cash dividend for FY 070/71

NMB Bank Ltd has announced 20 percent bonus shares and 1 percent cash dividend for its shareholders.

NMB Bank Limited - Fundamental Analysis of FY 2070/71

एनएमबि बैंक लिमिटेडको विश्लेषण
पूँजी, जगेडा, निक्षेप तथा लगानी
चुक्ता पूँजी २ अरब, जगेडामा ८३ करोड ४१ लाख ४० हजार, निक्षेप २७ अरब ८ करोड ७२ लाख ५८ हजार, कर्जा लगानी २० अरब ४६ करोड ७० लाख ४१ र अन्य लगानी ४ अरब १९ करोड १२ लाख ७४ हजार रहेको छ |

Alliance Insurance to auction unclaimed ordinary & promoter right shares from today.

Alliance Insurance Company Limited has invited bids from today to auction its 7,008 units of unclaimed promoter right shares and 20,402 units ordinary right share.

NMB Bank Limited's mutual fund scheme approved by Sebon

The Securities Board of Nepal (Sebon) has finally given the approval to NMB Bank Limited to issue its mutual fund scheme, and the offer letter for the fund will be issued next week.

NMB Bank distributing 10% cash dividend warrants from Jan 1

NMB Bank Limited is distributing cash dividend warrants to its shareholders from today.The dividend warrants can be collected from the bank’s RTS NMB Capital at Babarmahal from 10:00 AM to 2:30 PM from Sunday through Thursday and from 10:00 AM to 1:00 PM on Friday.

The commercial bank last month had proposed 15 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.But the central bank did not endorse the proposed dividend and asked NMB not to include the profit of its subsidiary, NMB Capital Limited and to provision that amount.

NMB Bank Limited to give only 10% dividend

NMB Bank Limited could endorse only ten percent dividend to the shareholders during its AGM yesterday though it had pledged 15 percent cash dividend from the net profit it bank earned in the last fiscal year 2069/70.

NMB could not pledge 15 percent dividend after the central bank asked the commercial bank not to include Rs 10 crore invested in NMC Capital Limited, a subsidiary of the bank, and to keep that sum aside in an investment adjustment fund.

Nepal Stock Exchange (Nepse) surges past 700-pt mark

The Nepse leapt 23 points and rushed past the 700-point mark on Wednesday, continuing a winning streak triggered by the elation of the Constituent Assembly polls. The index reached a four-year high of 700.8 points amid lively trading.
The last time the Nepse had soared to such heights was on August 27, 2009 when it reached 708.75 points. Since then, the stock market had been on a continuous downturn until the jinx was broken by the announcement of the election.

NMB Bank to give 15% cash dividend, AGM on Dec 19

NMB Bank Limited is going to hold its Annual General Meeting on December 19, which, inter alias, will endorse 15 percent cash dividend from the net profit the commercial bank earned in the last fiscal year 2069/70.

The 18th AGM of NMB is also scheduled to elected three directors from the ordinary shareholders.

Commercial Banks' Net profit comparison list with last year

Commercial banks recorded handsome profits last fiscal year. As of now, 11 banks have published their fourth-quarter reports of 2012-13, and net profits of all the banks have increased compared to the fourth quarter of 2011-12.
Bankers attributed the rise in profits to three factors—increment in the net interest income, foreign exchange earnings and write back of loans.

NMB bank profits Rs 36.66 crore, 488% rise

NMB Bank has posted extraordinary growth in profit.

Profits rose by a breathtaking 488.71%, with total earning for FY 2069/70 amounting to Rs 36.66 crore. The bank had reported a profit of Rs 6.22 crore in the last fiscal.

Handsome dividends likely from Nabil (60%), Investment Bank (30%) & Everest Bank (31.58%).

Shareholders and investors of Nepal’s leading commercial banks can expect handsome dividends from the earnings these banks have made in the FY 2069/70.
As per reliable sources, who spoke to ShareSansar on the condition of anonymity as they were not authorized share the details at this stage, the tentative operating profit of Everest Bank Limited (EBL) for the FY 2069/70 is estimated to reach Rs 240 crore, whereas the corresponding figures for Nabil Bank Limited (NABIL) is Rs 340 crore and Nepal Investment Bank Limited (NIBL) Rs 310 crores.

31 commercial banks' deposit base crosses Rs one trillion.

The total deposit amount handled by 31 commercial banks in the country has crossed Rs one trillion as of this week.

With the closing of the last fiscal year, class ‘A’ banks seem to have crossed the monetary authority’s estimation of 15 per cent increment.

The amount of deposits with commercial banks by the end of last week of the last fiscal year stands at Rs 1002 billion which is a growth of almost 16 per cent in the last one year.

Deposits parked at commercial banks in the corresponding period of the previous year stood at Rs 862 billion.