Tag: Bank039s

  • Garima Bikas Bank Welcomes Nepali New Year 2081 with Exciting Cashback Scheme

    Garima Bikas Bank Welcomes Nepali New Year 2081 with Exciting Cashback Scheme


    As Nepal eagerly awaits the arrival of New Year 2081, Garima Bikas Bank Limited (GBBL) delights its customers with a special cashback scheme, promising enticing rewards for debit and credit card users. With the aim of promoting cashless transactions and enhancing customer satisfaction, GBBL introduces a generous cashback offer of 20.81%, allowing users to earn up to Rs. 200 in cashback.

    This exclusive scheme, scheduled to run from Baishakh 1 to Baishakh 3, 2081, offers customers the opportunity to maximize their savings while enjoying the convenience of digital banking. By incentivizing cashless payments, GBBL aims to foster a culture of financial inclusion and encourage the adoption of modern banking practices among Nepali consumers.

    In addition to the cashback scheme, Garima Bikas Bank introduces credit card installment services, further enhancing the shopping experience for its valued customers. With flexible installment options, shoppers can now make purchases conveniently and manage their expenses effectively, reflecting GBBL’s commitment to delivering innovative and customer-centric financial solutions.

    Headquartered in Lazimpat, Kathmandu, Garima Bikas Bank has established itself as a trusted provider of simple, secure, and high-quality financial services. Through its extensive network comprising 123 branch offices, 1 extension counter, and 51 ATMs nationwide, including 22 in the Kathmandu Valley, GBBL ensures accessibility and convenience for customers across the country.

  • Nepal Investment Mega Bank’s 10% NIMB Debenture 2090 Secures Regulatory Approval

    Nepal Investment Mega Bank’s 10% NIMB Debenture 2090 Secures Regulatory Approval


    The Securities Board of Nepal has granted approval for Nepal Investment Mega Bank Limited’s “10% NIMB Debenture 2090.” The regulatory nod was received on Poush 2, 2080.

    The debenture issuance, titled “10% NIMB Debenture 2090,” comprises a total of 40.40 lakh units, with each unit having a par value of Rs. 1,000. Out of the total units, 16.16 lakh will be made available to the general public, while the remaining 24.24 lakh units will be subscribed via private placement.

    Prabhu Capital Limited has been appointed as the issue manager for the debenture issuance.

    As indicated by its name, the “10% NIMB Debenture 2090” comes with a maturity period of 10 years, set to mature in the year 2090 BS. Unitholders of the debenture can expect a 10% annual return on their investment.

  • Securities Board of Nepal Approves Nabil Bank’s ‘9% Nabil Debenture 2087’ Offering

    Securities Board of Nepal Approves Nabil Bank’s ‘9% Nabil Debenture 2087’ Offering


    Nabil Bank Limited has received approval from the Securities Board of Nepal for its ‘9% Nabil Debenture 2087’ on Mangsir 10, 2080. The debenture issuance comprises a total of 30 lakh units, each with a par value of Rs. 1,000. Out of this total, 12 lakh units will be made available to the general public, while the remaining 18 lakh units will be allocated through private placement. The issuance is being managed by Kumari Capital Limited.

    As indicated by its name, the ‘9% Nabil Debenture 2087’ comes with a maturity period of 7 years, reaching maturity in the year 2087 BS. Investors holding these debentures can expect an annual return of 9%.

  • Securities Board Approves Citizens Bank’s 10% Bond Offering for 2080

    Securities Board Approves Citizens Bank’s 10% Bond Offering for 2080


    The Securities Board of Nepal has granted approval to Citizens Bank International Limited’s ‘10% Citizens Bank Bond 2080.’ This regulatory clearance was given on the 29th of Bhadra, 2080.

    The ‘10% Citizens Bank Bond 2080’ offering consists of a total of 30 lakh units, with each unit having a par value of Rs. 1,000. Out of the overall issuance, 12 lakh units are designated for the general public, while the remaining 18 lakh units will be made available through private placement.

    Himalayan Capital Limited has been selected to serve as the issue manager for this bond offering.

    As the name implies, the ‘10% Citizens Bank Bond 2080’ comes with a maturity period of 10 years, set to reach maturity in the year 2090 BS. Investors holding these debentures can anticipate an annual return of 10% on their investment.

  • “Global IME Bank Records Impressive Q4 FY 79-80: Core Business Growth Drives Rs. 7.25 Arba Net Profit”

    “Global IME Bank Records Impressive Q4 FY 79-80: Core Business Growth Drives Rs. 7.25 Arba Net Profit”


     

    Global IME Bank Limited (GBIME) has released its fourth quarter report for the fiscal year 2079-80, revealing a significant rise in Net Profit to Rs. 7.25 Arba, marking a 46.26 percent increase from the previous year’s Rs. 4.95 Arba during the same period. The bank has seen notable growth in both Net Interest Income and Operating Profit, which have surged by 66.37 percent and 40.57 percent, respectively. GBIME achieved a total core business revenue of Rs. 17.11 Arba in FY 2079-80, contributing to an Operating Profit of Rs. 10.10 Arba up to the same period.

     

  • Everest Bank’s Q3 Highlights: Net Profit Increases by 62.63%, NII Stands at Rs 5.58 Arba &amp

    Everest Bank’s Q3 Highlights: Net Profit Increases by 62.63%, NII Stands at Rs 5.58 Arba &amp


     

    Everest Bank Limited (EBL) has released its third-quarter report for fiscal year 2079/2080, which shows a 62.63% increase in net profit. The net profit of the bank has improved from Rs. 1.51 Arba in the third quarter of fiscal year 2078/2079 to Rs. 2.46 Arba in the third quarter of fiscal year 2079/2080.

    After PL Appropriation and Regulatory Adjustments, the bank’s distributable profit in the same period is Rs 3.36 arba.

     

  • NMB Bank’s “10.75% NMB Debenture 2089/90” is now available; minimum applications are for 25 units.

    NMB Bank’s “10.75% NMB Debenture 2089/90” is now available; minimum applications are for 25 units.


    NMB Bank Limited (NMB) is releasing 40,00,000 units of “10.75% NMB Debenture 2089/90″ to the general public and institutions today, Chaitra 21st.

     

    The debenture, which has a maturity period of 10 years and a coupon rate of 10.75%, is available for application from today to the 24th Chaitra, 2079. 
    If the issue is not fully subscribed, the deadline can be pushed back to Baisakh 5, 2080.

     

  • Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.

    Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.


    Global IME Bank Ltd will close the public issuance of the “11.25% Global IME Bank Debenture 2084/85” today, February 5th.

    The issue had begun on the 29th of Magh and was scheduled to end on the 3rd of Falgun. Nevertheless, the bank earlier declared in a notification that the deadline will be extended until February 14, although the subscription would expire as soon as it is subscribed. Because the offering is now oversubscribed, the business will shut it today till the end of banking hours.

    50 lakh units would be issued at a par value of Rs.1000 each. 30 lakh units of the overall offer will be subscribed through private placement, while the remaining 20 lakh shares totaling Rs. 2 Arba are eligible for public issuance, with 5% reserved for mutual funds. The offering would generate a total of Rs 5 arba.

    Sunrise Capital Ltd has been named the issue manager. Investors can apply for as little as 25 units and as many as 100,000 units.

    The “11.25% Global IME Bank Debenture 2084/85” has a maturity duration of 5 years and will provide unit holders with 11.25% annual yields until the date of maturity.