Tag: Bikas

  • Sana Kisan Bikas Laghubitta and RMDC Laghubitta Joint Transaction Begins on Ashad 24

    Sana Kisan Bikas Laghubitta and RMDC Laghubitta Joint Transaction Begins on Ashad 24


    Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC), both licensed financial institutions in Nepal, have successfully completed their merger process. The merger was approved through a special resolution passed separately by the Annual General Meetings (AGMs) of both companies. The swap ratio of 1:0.87 was endorsed, meaning that shareholders who previously owned 100 shares of RMDC Microfinance would now receive 87 shares of the merged entity. Furthermore, the merger has obtained final permission from regulatory bodies including the Nepal Rastra Bank (NRB), Securities Board of Nepal (SEBON), and the Office of the Registrar of Companies, as per the official letter received.

     

  • KSBBL’s 4.41% Bonus Shares Listed on NEPSE

    KSBBL’s 4.41% Bonus Shares Listed on NEPSE


     

    Kamana Sewa Bikas Bank Limited (KSBBL) has recently listed 13,85,876.4667 unit bonus shares on the Nepal Stock Exchange (NEPSE). The bank approved a dividend of 4.64% during its 16th Annual General Meeting. The dividend will be distributed from the bank’s paid-up capital of Rs. 3.14 Arba. They have proposed to distribute 4.41% bonus shares valued at Rs. 13.85 crores and 0.23% cash dividend worth Rs. 72.94 lakhs. These bonus shares are now available for trading on NEPSE. The Last Traded Price (LTP) of KSBBL shares is currently Rs. 322.60.

  • Auction of Promoter Shares: Muktinath Bikas Bank Limited and Mahalaxmi Bikas Bank Limited

    Auction of Promoter Shares: Muktinath Bikas Bank Limited and Mahalaxmi Bikas Bank Limited


    Muktinath Bikas Bank Limited (MNBBL) is selling 119,055 units of promoter shares through an auction. The auction is only open to existing promoters of the bank and will take place from 30th Jestha to 1st Shrawan, 2080. The minimum bid rate is Rs. 190, and bids must be submitted to the auction manager, B.O.K Capital Markets, in Naxal, Kathmandu.

    Similarly, Mahalaxmi Bikas Bank Limited (MLBL) is auctioning 9,47,392 units of shares to its existing promoters. Only current promoters of MLBL can participate in the auction, which will run for 35 days starting from 30th Jestha. Bids should be submitted at MLBL’s central office in Durbarmarg, Kathmandu.

    As of now, MLBL shares have a last traded price (LTP) of Rs. 320.

  • Lumbini Bikas Bank Limited Opens 11% Debenture 2089 Issuance to General Public and Institutions

    Lumbini Bikas Bank Limited Opens 11% Debenture 2089 Issuance to General Public and Institutions


    Lumbini Bikas Bank Limited (LBBL) has commenced the issuance of “11% LBBL Debenture 2089” to the general public and institutions. The debenture, which has a maturity period of 10 years and offers a coupon rate of 11%, will be available for application starting from today until the 19th of Jestha, 2080. In the event that the issue is not fully subscribed, the deadline may be extended until Jestha 30, 2080.

    A total of 10,00,000 units of the debenture will be issued at a par value of Rs. 1000 per unit. Among the total units, 60% (6,00,000 units) will be subscribed through private placement, while the remaining 4,00,000 units worth Rs. 40 crores will be open for public issue. Additionally, 5% of the public issue is allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.

    Nabil Investment Banking Limited has been appointed as the issue manager for this process. Investors have the opportunity to apply for a minimum of 25 units and a maximum of 1,00,000 units.

  • LBBL Announces 11% Debenture Issuance for Public and Institutions

    LBBL Announces 11% Debenture Issuance for Public and Institutions


    Lumbini Bikas Bank Limited (LBBL) has announced its plan to issue 10,00,000 units of “11% LBBL Debenture 2089” to the general public and institutions. The debenture has a maturity period of 10 years and offers an 11% coupon rate. The application period for the debenture will be open from 16th Jestha to 19th Jestha, 2080, with a possible extension to Jestha 30, 2080, if the issue is not fully subscribed.

    The debenture will be issued at a par value of Rs. 1000 per unit, totaling 10 lakh units. Of these, 60% (6 lakh units) will be subscribed through private placement, while the remaining 4 lakh units worth Rs. 40 Crores will be available for the public to apply, with 5% allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.

    Nabil Investment Banking Limited will act as the issue manager for this debenture issuance. Interested investors can apply for a minimum of 25 units and a maximum of 1,00,000 units.

  • Jyoti Bikas Bank (JBBL) Distributes 3% Bonus Shares and Encourages Dematerialization

    Jyoti Bikas Bank (JBBL) Distributes 3% Bonus Shares and Encourages Dematerialization


    Jyoti Bikas Bank Limited (JBBL) has recently provided 3% bonus shares directly to the DEMAT accounts of its shareholders and has urged them to convert their physical shares into electronic form through dematerialization. The bank’s move aims to facilitate seamless share transactions and promote the modernization of shareholding processes.

    During the bank’s 15th Annual General Meeting (AGM) held on the 14th of Falgun, a dividend of 6.80% amounting to Rs. 29.02 crores was endorsed for the fiscal year 2078/79. The dividend distribution decision was made during the 440th board of directors meeting on Poush 22. Based on the bank’s paid-up capital of Rs. 4,26,77,53,287, the proposed distribution includes 3% bonus shares valued at Rs. 12.80 crores and a 3.80% cash dividend (intended for tax purposes) totaling slightly over Rs. 16.21 crores. It is important to note that the bonus shares have already been listed on the Nepal Stock Exchange (NEPSE).

    JBBL has also requested its shareholders to pay the applicable tax amount for the 11% bonus shares proposed during the fiscal year 2077/2078, including the cash dividend approved during the 15th AGM. Shareholders can find detailed information regarding the tax amount they are required to pay on the website of the share registrar, NIBL Ace Capital Limited.

    By distributing bonus shares and emphasizing the dematerialization process, JBBL demonstrates its commitment to providing value to its shareholders and keeping up with technological advancements in the financial industry. The bank’s efforts aim to enhance efficiency, transparency, and convenience for its shareholders.

  • Jeevan Bikas Laghubitta Bittiya Sanstha Limited Reports a 46.1% Decline in Net Profit in Q3 FY 2079/2080

    Jeevan Bikas Laghubitta Bittiya Sanstha Limited Reports a 46.1% Decline in Net Profit in Q3 FY 2079/2080


    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB), a microfinance company in Nepal, recently released its third-quarter report for the fiscal year 2079/2080. The report indicated a decline in net profit by 46.1% to Rs. 32.92 crore compared to the same period in the previous year, which was Rs. 61.09 crore. The company attributed the decline in net profit to the COVID-19 pandemic, which affected its business operations and borrowers’ repayment capabilities.

    Despite the decline in net profit, JBLB showed some positive trends in other areas. The company’s borrowings decreased by 8.02% to Rs. 8.70 Arba, while deposits increased by 4.85% to Rs. 10 Arba. This increase in deposits could be due to increased trust and confidence from depositors in the company’s financial stability and sound management practices.

    Furthermore, JBLB’s loans and advances decreased by 41.19% to Rs. 22.45 Arba. This reduction could be due to the company’s cautious approach in lending and disbursement amid the pandemic, which has created financial uncertainties for many of its borrowers. However, this decline in loans and advances could also impact the company’s future growth and profitability, as it relies heavily on its loan portfolio.

    The net interest income (core revenue) decreased by 5.54% to Rs. 1.19 Arba compared to the corresponding quarter of the previous year. The company may have experienced a reduction in interest income due to the decrease in loans and advances, as well as the decrease in the lending rate amid the pandemic.

    Despite the decline in net profit, JBLB’s paid-up capital increased to Rs. 1.18 Arba, and its reserve increased by 14.96% to Rs. 1.09 Arba in this quarter. This increase in paid-up capital and reserve indicates the company’s ability to attract investments and retain earnings, which could help boost its future growth and stability.

    JBLB’s annualized earnings per share (EPS) stood at Rs. 37.14, while its net worth per share is Rs. 261.45. The company is currently trading at a P/E multiple of 40.53 times, indicating that investors may have confidence in the company’s long-term prospects, despite the short-term challenges brought on by the pandemic.

    In conclusion, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) reported a decline in net profit for the third quarter of FY 2079/2080, largely due to the impact of the COVID-19 pandemic. However, the company showed some positive trends, such as an increase in deposits and paid-up capital, which could help support its future growth and profitability.

  • Garima Bikas Bank Distributes 13% Bonus Shares and Endorses 14.5% Dividend for Fiscal Year 2078/79

    Garima Bikas Bank Distributes 13% Bonus Shares and Endorses 14.5% Dividend for Fiscal Year 2078/79


    Garima Bikas Bank Limited has distributed 13% bonus shares directly to the DEMAT account of its shareholders and has urged them to dematerialize their shares. This was announced after the bank’s 16th AGM where it also endorsed a 14.5% dividend worth Rs. 66.56 Crores for the fiscal year 2078/79. The board of directors meeting held later decided to distribute a 14.5% dividend on the paid-up capital of Rs. 4.59 Arba.

    In addition to the bonus shares, 1.50% cash dividend worth Rs 6.88 Crores was proposed. The bonus shares were already listed in NEPSE. The bank has also requested its shareholders to pay the tax amount for the 16% bonus shares proposed for FY 2077/2078. The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar NIBL Ace Capital Limited.

    The bank’s decision to distribute bonus shares and dividends is expected to benefit its shareholders. The distribution of bonus shares will increase their ownership in the bank, while the dividend payment will provide them with a direct cash payment. The bank has also encouraged its shareholders to dematerialize their shares. This will facilitate electronic trading of shares, making it easier for shareholders to trade them in the secondary market.

  • GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans

    GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans


     

    Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) has reported a net profit of Rs. 5.9 Crores in the third quarter of FY 2079/2080, marking a 79.19% decrease compared to the same quarter in the previous year. The company’s net interest income decreased by 26.48% to Rs. 67.31 Crores, while its borrowings decreased by 16.70% to Rs. 5.70 Arba and deposits decreased by 4.55% to Rs. 3.75 Arba. The company’s loans and advances also decreased by 10.03% to Rs. 12.71 Arba in this quarter. Non-performing loans increased to 7.94% from 4.23% in the corresponding quarter, while annualized earnings per share (EPS) stands at Rs. 8.01 and net worth per share is Rs. 235.87.

  • “Himalaya Urja Bikas Company Limited reschedules 22nd AGM with new agenda items”

    “Himalaya Urja Bikas Company Limited reschedules 22nd AGM with new agenda items”


    Himalaya Urja Bikas Company Limited (HURJA) has announced that its 22nd Annual General Meeting (AGM) will now be held on 9th Jestha, 2080. The meeting was originally scheduled for 29th Poush, 2079, but was rescheduled. The AGM will take place at Arpan Banquet in Nayabaneshwor, Kathmandu, starting at 11 am on the specified day.

    The agendas for the AGM include endorsing the annual report for the fiscal year 2078/79 prepared by the board of directors, approving the auditor’s report for the same period, appointing an auditor for the fiscal year 2079/80, and approving their compensation. The meeting will also appoint Mr. Suman Sharma Chaulagain as a Director and propose to increase the authorized and issued capital of the company to Rs. 2.5 Arba. The company will also endorse 1:1 (100%) right shares from the paid-up capital of Rs. 99 Crores and manage capital received after issuance of rights shares.

    Investors who held shares of HURJA before the book closure date of Poush 18 will be able to attend the AGM.

     

  • NEPSE Bonus Shares of Garima Bikas Bank and Arun Valley Hydropower Development Company

    NEPSE Bonus Shares of Garima Bikas Bank and Arun Valley Hydropower Development Company


    NEPSE has listed 59,68,135.55 unit bonus shares of Garima Bikas Bank Limited (GBBL).

    On Poush 22, the bank had its 16th AGM and approved a 14.5% dividend of Rs. 66.56 crores for fiscal year 2078/79. On Kartik 24, 2079, the board of directors voted to pay a 14.5% dividend on the paid-up capital of Rs. 4.59 Arba. There was a proposal for 13% bonus shares worth Rs. 59.68 crores and a 1.50% cash dividend (including tax) worth Rs 6.88 crores. NEPSE now lists the same bonus shares.

     

  • The Book Closure Date for Kamana Sewa Bikas Bank’s 4.64% Dividend has been announced.

    The Book Closure Date for Kamana Sewa Bikas Bank’s 4.64% Dividend has been announced.


    Kamana Sewa Bikas Bank Limited (KSBBL) has scheduled its 16th Annual General Meeting for the 31st of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day at the Siddhartha Boutique Hotel in Kathmandu.

    Among the other items on the agenda, the AGM will approve a 4.64% cash dividend for fiscal year 2078/79. The dividend would be paid from the company’s paid-up capital of Rs. 3.14 Arba. A cash dividend of 0.23% and 4.41% bonus shares have been recommended. Thus, the bonus shares are worth little more than Rs. 13.85 crores, and the cash dividend is worth slightly more than Rs. 72.94 lakhs.

    The book will be closed on Baisakh 15. As a result, shareholders who held shares prior to that date are entitled to dividends and are welcome to attend this AGM.