Business | Market | Economy
“LBB L’s Q4 Net Profit Dips, Impairment Charges Soar”
Lumbini Bikas Bank Limited (LBBL) has released its fourth-quarter report for the recently ended financial year, showing a slight decrease in net profit by 3.88 percent compared to the same period in the previous year. In Q4 of FY 079-80, the company made a profit of Rs. 61.24 crores. The most significant change in […]
Read More
“CZBIL Reports Increased Net Profit, EPS at Rs. 15.59”
Citizens Bank International Limited (CZBIL) has released its fourth-quarter report for the recent financial year, showing a Net Profit of Rs. 2.21 Arba. This represents a growth of 10.41 percent compared to the profits of the same quarter in the previous financial year 2078-79. The company’s core revenue stream, Net Interest Income, has risen […]
Read More
“NIC Asia Bank Auctions Promoter Shares of CIT, SWMF, and MSLB Today”
NIC Asia Bank Limited is conducting an auction for promoter shares of three companies from 12th Shrawan to 18th Shrawan, 2080. The companies include Citizen Investment Trust (CIT), Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF), and Mahuli Laghubitta Bittiya Sanstha Limited (MSLB). Qualified investors can participate in the auction for 10,000 units of CIT promoter […]
Read More
“Upper Lohore Hydropower Allots Shares to Dailekh Locals; 59.45% Unsubscribed”
Upper Lohore Hydropower Company Limited has successfully allotted IPO shares to project-affected local residents in the Dailekh District. The allotment process was concluded on the 10th of Shrawan, 2080. The company had issued 509,804 units of IPO shares, which represent 10% of the total issued capital of Rs. 50.98 Crores. Local residents from the […]
Read More
“240,101 Unit Promoter Shares of Kumari Bank Up for Auction Today”
The current promoter of Kumari Bank Limited (KBL) is offering 240,101 units of shares for auction exclusively to existing promoter shareholders. The auction period starts on 11th Shrawan, 2080, and will last for 35 days from the date of this notice. Eligible shareholders, who are existing promoters, can participate in the bidding process by […]
Read More
“Laxmi Capital Market Extends Deadline for “Laxmi Value Fund II” Mutual Fund Scheme to Shrawan 19.”
Laxmi Capital Market Limited has decided to extend the deadline for their mutual fund scheme “Laxmi Value Fund-II” until the 19th of Shrawan. Initially, the issue was open from the 5th to the 9th of Shrawan, 2080, but due to a lack of sufficient applications, they have extended the closing date. The scheme offers […]
Read More
“Nepal’s Market Hit by Decline in Mobile Phone Imports.”
According to the Customs Department’s international trade statistics, Nepal experienced a significant decline in the number of mobile phones entering the country. In the previous financial year (2078/79), the value of mobile imports exceeded Rs. 38 Arba, but in the last year (2079/80), it dropped to just Rs. 26 Arba. The data shows that […]
Read More
“Sanima Bank Partners with Swisscontact to Boost Agri SMEs Investment in Koshi.”
Sanima Bank Ltd and Swisscontact/Nepal Agriculture Market Development Program Phase II have joined hands to strengthen Sanima Bank’s ability to support Agri-SMEs in Koshi Province. The main objective of this partnership is to provide financial assistance to Agro processing enterprises in the region and raise awareness about the available opportunities. They plan to leverage […]
Read More
“Auction Begins Today: NIC Asia Bank, Sanima Bank, and Chhimek Laghubitta Promoter Shares”
NIC Asia Bank Limited (NICA) is offering 4,00,000 units of its promoter shares through an auction open to the qualified general public and institutions. The auction is taking place from the 9th Shrawan to the 18th Shrawan, 2080. Interested bidders can participate with a minimum bid rate of Rs. 375 per share, and the minimum […]
Read More
“ICRA Nepal Reaffirms BB+ Issuer Rating for Mid Solu Hydropower, Signaling Moderate Default Risk”
ICRA Nepal Limited has reaffirmed the issuer rating of Mid Solu Hydropower Limited as BB+, which means they have a moderate risk of default in timely servicing of financial obligations. The rating is an overall opinion on the creditworthiness of the company and not tied to any specific debt instrument.
Read More