Category: Articles & Updates

In a significant development, Asian Life Insurance Company Limited (ALICL) has listed 24,45,357.9 bonus shares on the Nepal Stock Exchange (NEPSE). This move follows the company’s 16th Annual General Meeting held on 18th Falgun, 2080, where it endorsed an 8.1578% dividend for the fiscal year 2079/80.

During the 188th meeting of the board of directors held on Magh 12, it was decided to distribute 7.75% bonus shares along with a 0.4078% cash dividend, primarily for tax purposes. The bonus shares are valued at Rs. 24.45 crores, while the cash dividend amounts to a little over Rs. 1.28 crores.

Now, investors can trade these bonus shares on NEPSE, adding another avenue for investment in ALICL. As of the latest update, the Last Traded Price (LTP) of ALICL stands at Rs. 550.00.

This listing marks a significant milestone for ALICL, providing shareholders with additional opportunities for growth and investment diversification. Investors can now capitalize on this development to enhance their investment portfolios and potentially reap the benefits of ALICL’s performance.

Jyoti Bikas Bank Limited (JBBL) has recently disclosed its unaudited financial report for the third quarter of fiscal year 2080/81, revealing a significant downturn in both net profit and Earnings Per Share (EPS). The bank’s net profit for this period plummeted to Rs. 15.24 Crores, marking a notable decrease of 24.40% compared to the corresponding quarter of the previous fiscal year, where it stood at Rs. 20.16 Crores. However, JBBL witnessed an uptick in net interest income, which surged to Rs. 1.07 Arba.

Despite a decrease of 2.64% in personnel expenses, JBBL encountered a substantial rise of 16.19% in impairment charges, resulting in a consequential 23.31% decline in operating profit. The bank’s EPS also demonstrated a downward trajectory, with the annualized EPS reported at Rs. 4.62 for the review period. Presently, JBBL’s price-earnings (P/E) ratio stands at 63.59 times, with the net worth per share reported at Rs. 134.20.

In terms of financial metrics, JBBL’s capital adequacy ratio stands at 12.40%, exhibiting a slight decrease from the previous fiscal year. Non-Performing Loans (NPL) saw an increase to 4.97% from 3.89% in the preceding fiscal year, while the cost of funds experienced a decline of 24.93%.

The release of the third-quarter financial report sheds light on JBBL’s financial performance, highlighting both challenges and areas of improvement within the banking sector.

The “7.9% Nepal SBI Bank Debenture 2080” scheme, comprising 2,00,000 units, has been delisted from the Nepal Stock Exchange (NEPSE) following its maturity on Baishakh 6, 2081. This marks the conclusion of the debenture, which provided unitholders with a 7.9% annual return on their investment.

Now that the debenture has matured, Nepal SBI Bank Limited will proceed to refund the seed fund and distribute the accrued interest to the unitholders. The distribution process will be facilitated through the bank’s branch offices, ensuring that unitholders receive their rightful returns promptly.

For detailed information and assistance, unitholders are encouraged to contact or visit the nearest branches of Nepal SBI Bank Limited, located at Kanti Path, Kathmandu, Nepal.

The price of fine gold in Nepal has witnessed a decline of Rs. 600 per tola after a period of consecutive increases, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Pure gold is currently trading at Rs. 1,38,600 per tola, marking a decrease from its previous closing rate of Rs. 1,39,200 per tola. Similarly, Tejabi gold is valued at Rs. 1,37,950 per tola, reflecting a Rs. 600 decrease from its previous day’s closing price of Rs. 1,38,550 per tola.

The recent surge in gold prices peaked on April 16th, 2024, with fine gold reaching an all-time high of Rs. 1,39,200 per tola, while silver also achieved a record high of Rs. 1,750. However, silver has experienced a slight rise of Rs. 10 per tola, with the current market value at Rs. 1,725 per tola, compared to yesterday’s closing rate of Rs. 1,715 per tola.

Both domestic and international markets have witnessed fluctuations in prices, with the global gold rate recorded at $2,375.80 per ounce. Conversely, silver is experiencing positive momentum on the international front, with prices reaching $28.40 per ounce.

Taplejung district in Nepal is experiencing a significant surge in investment in hydropower projects, particularly along its primary waterway, the Tamor River, and other rivers in the region. Officials have reported that there are currently 16 hydroelectric projects underway along the Tamor River alone, with an anticipated power generation capacity of 1,654.51 megawatts.

According to the Department of Electricity Development, 14 of these projects are exclusively located within Phaktanglung Rural Municipality, showcasing the region’s commitment to harnessing its hydroelectric potential. The remaining two projects are situated in other local areas, further contributing to the district’s renewable energy landscape.

In addition to the projects along the Tamor River, Taplejung is also witnessing progress in hydropower initiatives along other rivers. Four projects are currently in progress along the Mewakhola River, which flows through Mikwakhola Rural Municipality. These projects are expected to yield a power output of 178.42 megawatts, further bolstering the district’s renewable energy infrastructure.

Furthermore, the Department has highlighted the development of four hydropower projects along the Kabeli River, projected to generate 95.43 megawatts of power. This diversification in hydropower projects demonstrates Taplejung’s commitment to utilizing its natural resources for sustainable energy production and economic growth.

In the dynamic landscape of Nepal’s banking sector, Muktinath Bikas Bank Limited (MNBBL) stands out with its impressive performance and robust financial indicators. Recently, the bank unveiled its unaudited financial statement for the third quarter of the fiscal year 2080/81, shedding light on its commendable growth trajectory.

MNBBL maintains a formidable position with a total paid-up capital of Rs. 7.04 Arba and reserves amounting to Rs. 3.05 Arba, further bolstered by retained earnings of Rs. 1.02 Crores. This solid financial foundation underscores the bank’s stability and resilience in the face of market challenges.

The highlight of the third quarter was the bank’s stellar net profit of Rs. 87.18 Crores, reflecting a notable growth of 8.13% compared to the same period in the previous fiscal year. Such robust profitability signifies MNBBL’s effective management strategies and prudent financial decisions.

Throughout the review period, MNBBL witnessed positive trends in key financial metrics. The net interest income experienced a healthy 3.34% rise, while impairment charges for loans and advances saw a significant decline of 6.40%. Additionally, the bank reported a commendable 9.60% increase in operating profit, reaching Rs. 1.26 Arba.

The performance of MNBBL is further exemplified by its annualized earnings per share (EPS) of Rs. 16.50, indicating favorable returns for its shareholders. Moreover, the price-earnings (P/E) ratio of 20.79 times reflects investor confidence in the bank’s future prospects, while the net worth per share stands at Rs. 143.48, showcasing the intrinsic value of MNBBL’s shares.

On a positive note, MNBBL reported a distributable profit of Rs. 1.02 Crores, underscoring its commitment to rewarding shareholders and creating long-term value.

In conclusion, Muktinath Bikas Bank Limited continues to thrive in Nepal’s banking sector, driven by its strong financial performance and strategic initiatives. With a focus on sustainable growth and customer satisfaction, MNBBL remains poised for continued success in the ever-evolving financial landscape.

Global IME Bank Limited (GBIME) recently unveiled its third-quarter fiscal report for the year 2080/81, showcasing both resilience and challenges amidst a dynamic banking landscape. While maintaining a robust financial position with substantial capital and reserves, the bank encountered a 24.13% decline in net profit, amounting to Rs 3.30 Arba.

Despite facing headwinds, GBIME continues to demonstrate strength with a total paid-up capital of Rs. 36.12 Arba and reserves totaling Rs. 22.43 Arba. However, concerns arise from negative retained earnings standing at Rs 42.31 Crores, indicating potential areas for improvement in financial management.

During the third quarter, GBIME witnessed significant milestones in its operations, with total deposits reaching an impressive Rs 4.59 Kharba and loans and advances to customers totaling Rs 3.66 Kharba. The bank experienced a commendable 10.49% increase in Net Interest Income, reaching Rs. 13.02 Arba. However, notable expenditures, including personnel expenses of Rs. 3.39 Arba and a considerable spike of 94.21% in impairment charges to Rs. 5.26 Arba, posed challenges to profitability.

Financial metrics for the quarter reveal both strengths and areas for improvement. While the bank reported an annualized EPS of Rs 12.20 and net worth per share of Rs 160.92, concerns arose as Non-Performing Loans (NPL) spiked to 4.74%. Additionally, GBIME disclosed a negative distributable profit of Rs 42.31 Crores, signaling the need for strategic adjustments in operational efficiency and risk management.

In conclusion, Global IME Bank Limited continues to navigate challenges while maintaining its position as a key player in Nepal’s banking sector. With a focus on addressing financial concerns and leveraging opportunities for growth, GBIME remains poised for sustainable success in the evolving market landscape.

Nepal’s gold market witnessed an unprecedented surge, hitting an all-time high on April 19, 2024, signaling significant shifts in both domestic and international dynamics.

According to the Federation of Nepal Gold and Silver Traders’ Association, fine gold soared by Rs. 700, reaching an extraordinary Rs. 1,39,300 per tola, up from its previous Rs. 1,38,600. Similarly, Tejabi gold experienced a substantial increase, now priced at Rs. 1,38,650 per tola, marking a consecutive rise of Rs. 700.

The pinnacle of this surge occurred on April 16th, 2024, with fine gold touching Rs. 1,39,200 per tola and silver reaching a record high of Rs. 1,750. However, silver has witnessed a minor decline by Rs. 5 per tola, currently valued at Rs. 1,720 per tola compared to the previous day’s closing rate.

While domestic prices continue to rise, international market dynamics also play a significant role. The latest update indicates gold trading at $2,381.10 per ounce and silver experiencing negative momentum at $28.13 per ounce.

The surge in Nepal’s gold market reflects a combination of factors, including global economic uncertainties, geopolitical tensions, and shifting investor sentiments. As investors seek safe-haven assets amidst volatility, gold emerges as a preferred choice, driving prices to unprecedented levels.

In conclusion, Nepal’s gold market is experiencing historic highs, influenced by a complex interplay of domestic and global factors. As the market continues to evolve, stakeholders must closely monitor developments to navigate challenges and capitalize on opportunities in this dynamic landscape.

Infrastructure Bank Limited (NIFRA) recently disclosed its third-quarter fiscal report for the year 2080/81, revealing insights into its financial performance amidst evolving market dynamics. While facing a 15.02% decrease in net profit compared to the previous year, NIFRA remains focused on navigating challenges and pursuing sustainable growth strategies.

Maintaining a robust financial position, NIFRA boasts a total paid-up capital of Rs. 21.6 Arba and reserves and surplus reaching Rs. 2.59 Arba. Despite the decline in net profit, the bank continues to uphold its commitment to financial stability and resilience.

Key highlights from NIFRA’s core operations include deposits from customers standing at Rs. 99.10 crores and loans and advances reaching Rs. 20.48 Arba. However, a significant rise in impairment charges by 339.74% poses challenges to profitability, emphasizing the importance of effective risk management practices.

In terms of core business revenue, NIFRA experienced a minimal 2.57% decrease in net interest income, reaching Rs. 1.95 Arba in the third quarter. Additionally, personnel expenses witnessed a decline of 14.04%, reflecting efforts to optimize operational costs. Despite these efforts, operating profit saw a substantial fall, decreasing by 14.99% to Rs. 1.41 Arba.

Financial metrics for the third quarter indicate an annualized EPS of Rs 6.09 and net worth per share standing at Rs 110.65. While facing challenges in profitability, NIFRA remains committed to enhancing shareholder value and sustaining long-term growth.

As NIFRA continues its journey in Nepal’s banking sector, stakeholders must remain vigilant in monitoring market trends and implementing strategic initiatives to address challenges and capitalize on opportunities for growth.

Nabil Bank Limited (NABIL) recently unveiled its third-quarter fiscal report for the year 2080/81, revealing insights into its financial performance amidst evolving market dynamics. Despite facing an 8.76% decline in net profit compared to the previous year, NABIL remains committed to navigating challenges and implementing strategies for sustainable growth.

Maintaining a strong financial foundation, NABIL boasts a total paid-up capital of Rs. 27.05 Arba and reserves of Rs. 27.78 Arba, with retained earnings standing at Rs 1.54 Arba. These figures underscore the bank’s stability and resilience in the face of market uncertainties.

Key highlights from NABIL’s operations include substantial growth in deposits, totaling Rs 4.40 Kharba, and loans and advances to customers, reaching Rs 3.68 Kharba. Despite the decline in net profit, there was a 3.72% rise in Net Interest Income, reaching Rs. 12.55 Arba. However, the bank also experienced increased expenditures, including personnel costs of Rs. 3.75 Arba, emphasizing the need for cost management strategies.

Financial metrics for the third quarter reflect an annualized EPS of Rs 23 and a net worth per share of Rs 208.39, indicating positive fundamentals. However, challenges arise as Non-Performing Loans (NPL) saw a spike to 4.04%. Additionally, the bank disclosed a distributable profit of Rs. 1.54 Arba, highlighting its commitment to rewarding shareholders.

As NABIL charts its course in Nepal’s banking sector, stakeholders must remain vigilant in monitoring market trends and implementing strategic initiatives to address challenges and capitalize on opportunities for growth. By focusing on innovation, customer-centricity, and risk management, NABIL aims to position itself for sustainable success in the dynamic financial landscape.

Laxmi Sunrise Bank Limited (LSL) has recently unveiled its third-quarter fiscal report for the year 2080/81, showcasing notable achievements amidst challenges in the banking landscape. Despite facing hurdles, the bank reported a remarkable 27.70% increase in net profit, reaching Rs 1.61 Arba.

Maintaining a robust financial position, LSL boasts a total paid-up capital of Rs. 23.18 Arba and reserves of Rs. 17.84 Arba, underscoring its stability in the market. However, concerns arise from negative retained earnings at Rs 1.24 Arba, indicating areas for improvement in financial management.

During the quarter, LSL witnessed impressive growth in both deposits, totaling Rs 3.11 Kharba, and loans and advances to customers, reaching Rs 2.49 Kharba. A noteworthy achievement is the substantial 103.49% rise in Net Interest Income, reaching Rs. 8.53 Arba. However, the bank also experienced increased expenditures, including personnel costs of Rs. 2.75 Arba and a significant increase of 265.44% in impairment charges to Rs. 4 Arba.

Financial metrics for the third quarter reflect an annualized EPS of Rs 9.29 and a net worth per share of Rs 171.59, indicating positive fundamentals. However, concerns arise as Non-Performing Loans (NPL) spiked to 5.49%, signaling the need for effective risk management strategies. Additionally, the bank disclosed a negative distributable profit of Rs. 1.24 Arba, highlighting the importance of sustainable financial practices.

As LSL charts its course in Nepal’s banking sector, stakeholders must remain vigilant in navigating challenges and leveraging opportunities for growth. By focusing on enhancing operational efficiency, optimizing costs, and addressing NPL concerns, LSL aims to position itself for long-term success and contribute positively to the financial ecosystem.