Tag: Kamana

  • Kamana Sewa Bikas Bank Limited Initiates Auction of 5,09,892 Promoter Shares: Exclusive Opportunity for Former Promoter Shareholders

    Kamana Sewa Bikas Bank Limited Initiates Auction of 5,09,892 Promoter Shares: Exclusive Opportunity for Former Promoter Shareholders


    The current promoters of Kamana Sewa Bikas Bank Limited (KSBBL) have initiated the auction of 5,09,892 units of shares, starting from the 25th of Mangsir, 2080. This auction is exclusively open to interested former promoter shareholders of the bank. Eligible bidders have a 35-day window from the publication date of this notice, which is also the 25th of Mangsir, to submit their bids. Bids should be submitted at the central office of the bank, situated in Gyaneshwor, Kathmandu.

    In the event that no bids are received from the existing former promoter shareholders within the stipulated timeframe, the shares will subsequently be made available for auction to the general public. The closing price of KSBBL stood at Rs. 318 in the previous trading session. It is noteworthy that as of the 15th of August, 2023, KSBBLP (presumably referring to the bank’s promoter shares) has a Last Traded Price (LTP) of Rs. 156.00.

    This auction notice outlines the terms and conditions for former promoter shareholders to participate in the bidding process, emphasizing the specific timeframe and location for bid submission. The market values of KSBBL and KSBBLP provide additional context to potential bidders regarding the current financial standing of the bank and its promoter shares.

  • Kamana Sewa Bikas Bank unveils new loan schemes with 12.12% interest

    Kamana Sewa Bikas Bank unveils new loan schemes with 12.12% interest


    Kamana Sewa Bikas Bank has recently introduced new loan schemes with an attractive interest rate of 12.12%. These schemes offer customers the opportunity to access various types of loans, including home loans, MSME loans (Micro, Small, and Medium Enterprises), and EV loans (Electric Vehicle loans), all at a reduced interest rate compared to standard loan offerings.

    Under the home loan scheme, eligible borrowers can receive loans up to 60% of the collateral’s valuation. The repayment period for these home loans can extend up to 30 years, providing customers with a long-term financing option for their residential property needs. However, it is essential to note that the loan amount must not exceed Rs. 1.50 crore to qualify for this particular loan scheme.

    For those seeking financial support for their MSME ventures, the bank is offering loans equivalent to 80% of the collateral’s valuation. This can be a significant boost for small and medium-sized enterprises looking to expand or invest in their businesses.

    As for the EV loan, the bank provides borrowers with the opportunity to access funding up to 80% of the vehicle’s price, making it more affordable for customers interested in purchasing electric vehicles.

    To further streamline the loan application process and enhance customer convenience, Kamana Sewa Bikas Bank is ensuring that applicants receive the loan amount promptly. According to their media statement, once applicants submit all the necessary documentation, they can expect to receive the loan amount within three working days.

    Overall, these new loan schemes by Kamana Sewa Bikas Bank aim to offer competitive interest rates and faster loan processing to cater to the diverse financial needs of their customers, ranging from homeownership to business expansion and environmentally friendly vehicle purchases.

  • 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.

  • 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.

     

  • For fiscal year 2078/79, Kamana Sewa Bikas Bank (KSBBL) proposes 4.64% bonus shares and 0.23% cash dividend.

    For fiscal year 2078/79, Kamana Sewa Bikas Bank (KSBBL) proposes 4.64% bonus shares and 0.23% cash dividend.


     

    For the fiscal year 2078/79, Kamana Sewa Bikas Bank Limited (KSBBL) has proposed a dividend of 4.64%.

    The dividend will 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 proposed. KSBBL has an LTP of Rs. 313 as of this writing. The proposed dividend must be approved by the central bank and approved by the upcoming AGM.