Tag: international

  • Question: Can international student currently residing in Australia trade from Abroad?

    Question: Can international student currently residing in Australia trade from Abroad?


    Hi, I’m currently in Sydney as an international student and I was wondering if I could trade on secondary market from here. And what requirements do I have to fulfill for that.
    Thanks!


    View on r/NepalStock by TeaInfamous6747


  • Citizens Bank Q2 Report: Profits Dip 6.96%, Challenges Emerge

    Citizens Bank Q2 Report: Profits Dip 6.96%, Challenges Emerge


    Citizens Bank International Limited (CZBIL) has disclosed its financial performance for the second quarter of fiscal year 2080/81, revealing a 6.96% decline in net profit to Rs 78.27 Crores. The bank’s total paid-up capital is reported at Rs. 14.20 Arba, with reserves amounting to Rs. 6.77 Arba. However, retained earnings have recorded a negative value of Rs 21.3 Crores.

    During the mentioned quarter, the bank experienced a significant increase in total deposits, reaching Rs 1.75 Kharba, while loans and advances to customers reached Rs 1.48 Kharba. Despite a marginal 0.21% decrease, the Net Interest Income remained substantial at Rs. 2.83 Arba. However, the bank faced challenges with personnel expenses amounting to Rs. 93.01 Crores and impairment charges of Rs. 85.95 Crores.

    In terms of financial metrics, the second quarter reported an annualized EPS of Rs 11.02, and the net worth per share stood at Rs 146.20. However, CZBIL grapples with a spike in Non-Performing Loans (NPL) to 4.07%. Additionally, the revelation of a negative distributable profit of Rs. 21.30 Crores adds a significant dimension to CZBIL’s financial narrative during this period.

    Examining specific figures, the paid-up capital remained constant at Rs. 14,200,974.01, and reserves witnessed a 14.52% increase to 6,774,208.15. Deposits showed a notable 4.13% rise to Rs 175,808,073.73, while loans and advances increased by 6.06% to Rs 148,304,167.36. Net Interest Income experienced a marginal decrease of 0.21% but remained substantial at Rs. 2.83 Arba. Personnel expenses and impairment charges were reported at Rs. 930.18 Crores and Rs. 859.50 Crores, respectively.

    The operating profit for the quarter was Rs 1,086,454.06, reflecting an 8.85% decrease, and the net profit stood at Rs 782,784.84, representing a 6.96% decline. Furthermore, the disclosure of a negative distributable profit of Rs. 21.30 Crores underscores the financial challenges faced by CZBIL. The capital adequacy ratio is reported at 13.00%, showing an increase from the previous year. The Cost of Fund decreased by 15.73% to 7.77%. The NPL percentage increased significantly by 36.12%, reaching 4.07%. The Qtr end PE Ratio stands at 15.61 times, and the Qtr End Market Price is reported at 172.1.

  • Shall i use USD cash or travel card after finishing international trip?

    Shall i use USD cash or travel card after finishing international trip?


    I currently hold funds in both my international traveler account (2000 USD) and have an additional 200 USD in cash remained after my trip. I now need to transfer these funds to my regular bank account in Nepal, as i am running out of money. Would it be prudent to withdraw the money using dollar cash or travel card? I’ve been informed that the Nepalese government permits a yearly top-up of only USD 2500. Some bank representatives suggested opening a free dollar account and offered assistance with any further recommendations over card. Should I opt to exchange the usd cash or simply deposit the travel card dollars into the dollar account? It seems there may be some undisclosed nepal banking banking regulations at play.


    View on r/NepalStock by OrdinaryNepaliguy


  • Last Day to Claim CZBIL Dividend Reminder

    Last Day to Claim CZBIL Dividend Reminder


    Citizens Bank International Limited (CZBIL) is set to hold its 17th Annual General Meeting (AGM) on September 26, 2080, in Amritbhog, Kalikasthan, Kathmandu, starting at 11 a.m. During this meeting, among other things, they will approve a 5.79% cash dividend for the fiscal year 2079/80. This decision was made during the 428th meeting of the Board of Directors on August 15th, where they decided to distribute a cash dividend of Rs. 82.21 Crores from their paid-up capital of Rs. 14.20 Arba. Today is the last day to claim this dividend, so make sure to do so if you’re a shareholder.

     

  • Global IME or Citizen International

    Global IME or Citizen International


    # I would like to know which stock is to pick in the current market for long term holding. GLOBAL IME BANK or CITIZEN INTERNATIONAL.


    View on r/NepalStock by ElectricalArachnid66


  • 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.

  • Nepal Chamber Expo 2023 to Feature Over 150 Stalls of National and International Manufacturers

    Nepal Chamber Expo 2023 to Feature Over 150 Stalls of National and International Manufacturers


    The Nepal Chamber of Commerce has announced that it will be hosting the Nepal Chamber Expo 2023 from Jestha 4 to 8, 2080 at Bhrikutimandap, Kathmandu. Over 150 stalls featuring a wide range of national and international manufacturers will be present at the event. Exhibits will include items such as automobiles, electrical and electronics, home appliances, fashion wear and accessories, garments and textiles, mobile and gadgets, fast-moving consumer goods, hydro, logistics, handicrafts and handlooms, shoes and leather items, cosmetics, and food and dairy products. These details were disclosed in a media statement.

  • Chitwan will host the 7th Chitwan International Industrial Fair beginning on Baisakh 22.

    Chitwan will host the 7th Chitwan International Industrial Fair beginning on Baisakh 22.


     

    CNI Chitwan, in collaboration with other government and non-government organizations, will host the 7th International Chitwan Industrial Fair 2080 on Baisakh 22, 23, and 24, 2080 at the Chitwan Exhibition Hall in Bharatpur.

     

  • Gold is currently trading at Rs 104,100, having gained Rs 600 per tola today.

    Gold is currently trading at Rs 104,100, having gained Rs 600 per tola today.


    Today’s gold price has risen by Rs. 600 on the domestic market.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading for Rs. 104,100 per tola. Yesterday, the pricing remained unchanged at Rs. 103,500 per tola. Meanwhile, Tejabi gold is currently trading for Rs. 103,600. In contrast, the cost was kept at Rs. 103,000 per tola yesterday.

    Silver has gained Rs. 10 per tola on the sidelines. The gleaming white gold is currently trading in the local market for Rs. 1,255 per tola, up from Rs. 1,245 per tola yesterday.

    Gold is currently trading at USD $1,877.10 per ounce on the international market, while silver is trading at USD $1.30 per ounce.

  • Gold is currently trading at Rs 102,500, having lost Rs 500 per tola today.

    Gold is currently trading at Rs 102,500, having lost Rs 500 per tola today.


    Today’s gold price has dropped by Rs. 500 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 102,500 per tola. Yesterday, the tariff remained unchanged at Rs. 103,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 102,000. In contrast, the cost was kept at Rs. 102,500 per tola yesterday.

    Silver has lost Rs. 10 per tola on the sidelines. Today’s local market price for the gleaming white metal is Rs. 1,275 per tola, down from yesterday’s closing price of Rs. 1,285 per tola.

    Gold is currently trading at $1,826.80 per ounce in USD, while silver is trading at $21.42 per ounce on the international market.