Tag: Bank

  • NEPSE Index Drops 5.31 Points; Intraday Turnover Falls to Rs 3.21 Arba

    NEPSE Index Drops 5.31 Points; Intraday Turnover Falls to Rs 3.21 Arba


     

    The Nepal Stock Exchange (NEPSE) Index closed at 2,061.70 points, showing a decrease of 5.31 points or 0.25% from the previous day. The market had experienced a loss of 30.92 points in the preceding trading session.

    The day began with the index opening at 2,067.47 and fluctuated between an intraday low of 2,053.46 and a high of 2,072.90.

    In today’s trading, a total of 307 different stocks were traded through 70,790 transactions. The volume of shares traded reached 9,272,782, contributing to a total turnover of Rs. 3.21 Arba. The market capitalization was recorded at Rs. 32.40 Kharba, while the float market capitalization stood at Rs. 11.12 Kharba.

     

  • Mandu Hydropower Q2 Earnings Surge by 11.78% Amidst Revenue Dip; Impressive 22.76% Reduction in Debt

    Mandu Hydropower Q2 Earnings Surge by 11.78% Amidst Revenue Dip; Impressive 22.76% Reduction in Debt


    Mandu Hydropower Limited (MANDU) demonstrates robust financial performance in the second quarter of Fiscal Year 2080/81, boasting an impressive 11.78% increase in earnings and achieving a net profit of 17.05 Crores. Notably, the company exhibits prudent financial management by reducing loans and borrowings by 22.76% to Rs. 2.12 Arba during this period.

    Despite a marginal 4.04% decrease in power sales revenue, totaling Rs. 41.52 Crores, MANDU’s strategic financial controls are evident, as administrative expenses remained well-contained at Rs. 40.77 lakhs. This positive quarterly report underscores Mandu Hydropower Limited’s commitment to financial stability and sustainable growth in the hydropower sector.

     

  • Ganapati Laghubitta Bittiya Sanstha Empowers Farmers with Successful Goat Farming Training in Bardiya

    Ganapati Laghubitta Bittiya Sanstha Empowers Farmers with Successful Goat Farming Training in Bardiya


    Ganapati Laghubitta Bittiya Sanstha Limited’s Bardiya branch takes a significant stride in community development through a recently organized one-day training program focused on commercial goat farming. As part of their Development Training initiative, the program aimed to enrich the skills of enrolled members, witnessing the active participation of 31 customers. The inauguration, presided over by monitoring officer Gokarna Prasad Joshi, featured the guidance of Mr. Prabhuraj Thapa, Chief of the Training Development and Operation Department, along with the presence of Branch Manager Hikmat Dhakal. Conducted by Livestock Technical Officer Ghanashyam Tiwari, the training culminated with the distribution of certificates to participants, highlighting the commitment of Ganapati Laghubitta Bittiya Sanstha Limited to empowering its community members in the realm of commercial goat farming. The seamless coordination and facilitation of the program were skillfully managed by Assistant Lokendra Prasad Bhatta from the Operation and Simplification Branch, marking a successful endeavor towards skill enhancement and community engagement.

     

  • Kumari Bank Introduces ‘Kumari Sabal Yojana’: 8.5 Crore Units Mutual Fund Scheme for Public Subscription from 28th

    Kumari Bank Introduces ‘Kumari Sabal Yojana’: 8.5 Crore Units Mutual Fund Scheme for Public Subscription from 28th


     

    Embarking on a new investment avenue, Kumari Capital Limited introduces the closed-end mutual fund scheme, “Kumari Sabal Yojana,” through its recently published offer letter. Opening on the 28th of Magh and closing on the 2nd of Falgun, 2080, this opportunity presents investors with a chance to subscribe to 8.5 crore units, collectively valued at Rs. 85 crore. Notably, a total of 10 crore units are on offer, with 1% reserved for the scheme manager, Kumari Capital Limited, and 14% allocated to the fund sponsor, Kumari Bank Limited. In the event of undersubscription by the early closing date, the offering can extend until the 13th Falgun, providing potential investors with an extended window to seize this investment opportunity in “Kumari Sabal Yojana.”

  • Mahila Laghubitta: No Dividends for Shareholders in FY 2079/80

    Mahila Laghubitta: No Dividends for Shareholders in FY 2079/80


    In a strategic move towards financial prudence, Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has officially announced its decision not to distribute dividends for the Fiscal Year 2079/80. The outcome of the 69th Board Meeting, held on Magh 18, 2080, reflects MLBSL’s commitment to responsible financial management. This decision, however, awaits the crucial approvals from the regulatory authority, Nepal Rastra Bank, and the imminent Annual General Meeting of the company. MLBSL, by prioritizing financial stability, aims to fortify its position in the financial landscape, ensuring sustained growth and resilience in the microfinance sector.

     

  • Nepal Investment Mega Bank: No Dividends for FY 2079/80

    Nepal Investment Mega Bank: No Dividends for FY 2079/80


    In a strategic move prioritizing financial stability, Nepal Investment Mega Bank Limited (NIMB) has declared a noteworthy decision in its 598th Board Meeting held on Magh 19, 2080. The bank has chosen not to distribute dividends for the Fiscal Year 2079/80. This prudent decision reflects NIMB’s commitment to fortifying its financial reserves and aligning with industry dynamics. While awaiting approvals from Nepal Rastra Bank and the imminent Annual General Meeting, NIMB’s decision underscores its focus on maintaining a robust financial foundation, ensuring sustained growth, and fortifying its position in the banking sector.

     

  • Citizens Bank Partners with Vinayak Hospital: Up to 10% Discount for Cardholders & Mobile Banking Users

    Citizens Bank Partners with Vinayak Hospital: Up to 10% Discount for Cardholders & Mobile Banking Users


    Introducing an exclusive partnership between Citizens Bank International Limited (CZBIL) and Vinayak Hospital & Maternity Home Pvt. Ltd., Tokha, Kathmandu! As of 19th Magh 2080, customers holding Citizens Bank International cards or utilizing mobile banking services are in for a treat. With the newly signed Memorandum of Understanding (MoU), Vinayak Hospital extends a generous discount of up to 10% on a wide array of medical services. This collaborative effort aims to prioritize the well-being of CZBIL customers, providing them with accessible and affordable healthcare at Vinayak Hospital & Maternity Home, ensuring peace of mind for both cardholders and mobile banking users alike. Your health matters, and with this exclusive offering, CZBIL is committed to enhancing your healthcare experience.

     

  • JALPA Declares No Dividends for FY 2079/80, Pending Regulatory Approval

    JALPA Declares No Dividends for FY 2079/80, Pending Regulatory Approval


    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has officially declared that it will not be distributing dividends for the Fiscal Year 2079/80.

    The decision was made during the Board Meeting of JALPA on Magh 16, 2080, where it was decided that the company would abstain from distributing any dividends for the mentioned fiscal year. Importantly, the implementation of this decision is contingent upon receiving approval for the financial statements from the regulatory authority, Nepal Rastra Bank, as well as confirmation during the upcoming Annual General Meeting of the company.

    As of the latest update, JALPA’s closing stock price stands at Rs. 1,170.00. This decision not to distribute dividends reflects the company’s current financial strategy and considerations, and further clarity on this matter will be provided following the necessary regulatory approvals.

  • Sarbottam Cement Successfully Allots IPO Shares to Overseas Nepali Workers; ICRA Nepal Reaffirms Ratings

    Sarbottam Cement Successfully Allots IPO Shares to Overseas Nepali Workers; ICRA Nepal Reaffirms Ratings


    Sarbottam Cement Limited has successfully allocated IPO shares to Nepali citizens employed abroad, concluding the allotment process on the morning of 17th Magh, 2080, at the premises of the issue manager, Global IME Capital, located in Kathmandu.

    The cement company had floated 267,000 units of IPO shares through the book-building process, offering them at a price of Rs. 360.90 exclusively for Nepali citizens working overseas. The subscription period for this Initial Public Offering extended from the 25th of Poush to the 10th of Magh, 2080. During this timeframe, interested applicants had the opportunity to apply for IPO shares, with a minimum application size of 50 units and a maximum of 10,000 units.

    The IPO garnered significant attention, evidenced by the receipt of 33,824 applications for the available 21,39,220 unit shares. Following the allocation process, it was observed that 14 applications, originally applying for 720 units, were disqualified. However, the majority of 33,810 applications were approved.

    Among the approved applications, 5,340 applicants out of the total 33,810 were successfully allotted 50 units each through a lottery system as part of the IPO allocation process.

    In a related development, ICRA Nepal has reaffirmed Sarbottam Cement Limited’s issuer rating as [ICRANP-IR] BBB+, emphasizing its stability. Additionally, ICRA Nepal has maintained the long-term rating at [ICRANP] LBBB+ and the short-term rating at [ICRANP] A2 for Sarbottam’s bank loan limits. This reaffirmation by ICRA Nepal underscores the company’s creditworthiness and financial standing in the market.

  • ULBSL Informs Conclusion of Promoter Share Lock-in Period as per SEBON Guidelines

    ULBSL Informs Conclusion of Promoter Share Lock-in Period as per SEBON Guidelines


    Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) has issued a notice regarding the conclusion of the lock-in period for its promoter shareholders. The lock-in period, which began on Baishakh 19, 2079, and ended on Magh 16, 2080, has been formally communicated to investors and stakeholders in accordance with the recent guidelines from the Securities Board of Nepal (SEBON).

    ULBSL, listed on the Nepal Stock Exchange (NEPSE), has a total of 1,061,482 units of shares. Among these, the promoter shareholders held 4,20,000 units, and this lock-in period for these shares officially expired on Magh 16, 2080. Additionally, the company issued 2,21,156 units of IPO shares to the general public.

    With a total paid-up capital of Rs. 10.61 crores, ULBSL has recently listed 6,89,964 units of promoter shares on NEPSE following the issuance of 61.75% bonus shares within a one-year period.

    It’s important to note that the shares held by the promoters, post lock-in period, will be traded in the promoter category and will have a distinct pricing mechanism separate from the public share price. This information is crucial for investors and stakeholders in understanding the market dynamics and classification of shares within ULBSL.

  • NEPSE Index Witnesses a 1.02% Decline

    NEPSE Index Witnesses a 1.02% Decline


    The Nepal Stock Exchange (NEPSE) Index experienced a decline of 21.67 points, equivalent to 1.02% from the previous day’s closing, settling at 2,097.93 points. In contrast, the index had recorded a gain of 14.88 points in the preceding trading session.

    The market commenced today with an opening index of 2,119.17, witnessing fluctuations throughout the day, ranging from an intraday low of 2,088.48 to an intraday high of 2,131.28.

    During the day’s trading activities, a total of 313 different stocks were traded in 95,645 transactions, with a trading volume of 14,777,120 shares and a total turnover of Rs. 5.529 Arba. The market capitalization stood at Rs. 32.96 Kharba, and the float market capitalization was Rs. 11.31 Kharba.

    Himalayan Reinsurance Limited (HRL) led in terms of turnover, achieving a total of Rs. 63.87 crore and concluding the day with a market price of Rs. 714.60.

    In the realm of top gainers, Samling Power Company Limited (SPC) exhibited the highest gain of 9.87%, followed closely by Mandakini Hydropower Limited (MHL) with a gain of 9.67%. These positive movements were observed in today’s trading session.

    These developments in the Nepal Stock Exchange highlight the dynamic nature of the market, with fluctuations in indices, turnovers, and notable performances by specific stocks. The information also underscores the significance of various factors influencing the financial landscape and investor sentiments.NEPSE Index Witnesses a 1.02% Decline

  • Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today

    Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today


     

    NIMB Ace Capital Limited is concluding the public issuance of its mutual fund scheme, “NIBL Stable Fund,” today, on Magh 16, 2080. The originally scheduled closing date on the 5th Magh was extended due to an insufficient number of applications received by the issue manager. The mutual fund scheme, out of a total of 10 crore unit shares, has allocated 1% (10 lakh units) valued at Rs. 1 crore to the scheme manager, NIMB Ace Capital Limited, and 14% (1.4 crore units) worth Rs. 14 crore to the fund sponsor, Nepal Investment Mega Bank Limited. The remaining 8.5 crore units, amounting to Rs. 85 crore, are now available for subscription by the general public. This extension provides an additional opportunity for investors to participate in the NIBL Stable Fund, contributing to the overall capitalization of the mutual fund scheme.