Microfinance
Recovery in Microfinance & Books Manipulations
Despite the halt in loan flows, high base rates, and increasing credit costs, year-end financials in microfinance might show unexpected improvements. However, it’s crucial to remain vigilant as these changes could be due to creative bookkeeping in response to these difficult circumstances rather than a genuine financial recovery. View on r/NepalStock by Mindless-Papaya-1922
Read More
NRB Approves Merger of National and Summit Microfinance
The Nepal Rastra Bank (NRB) has given its final approval for the merger between National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) and Summit Laghubitta Bittiya Sanstha Limited (SMFDB). National Microfinance (NMFBS) issued a press release announcing the approval. The merger proposal by National Microfinance was presented at a Special General Meeting (SGM) and was later […]
Read More
NEPSE Soars by 56.94 Points, Closes at 2,186.36; Microfinance Index Surges
The NEPSE index had a positive day as it closed at 2,186.36, gaining 56.94 points compared to the previous trading day. This signifies a gain of 2.67%. Yesterday, the index had also gained 11.69 points. The trading session began at 2,132.61 and reached its lowest point at 2,132.48. However, it quickly rebounded and reached […]
Read More
National Microfinance Laghubitta Bittiya Sanstha Bonus Shares Distributed to Shareholders
National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has recently distributed 15% bonus shares directly to the DEMAT accounts of its shareholders. The company has encouraged its shareholders to dematerialize their shares in order to facilitate the distribution process. During the company’s 9th Annual General Meeting held on 15th Baisakh, a 15% dividend for the fiscal […]
Read More
NEPSE Lists Bonus Shares of Nepal Bank Limited (NBL) and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD)
NEPSE has recently listed 28,81,180.9663 unit bonus shares of Nepal Bank Limited (NBL). This follows the bank’s 63rd Annual General Meeting held on Poush 29, where a 12% dividend was approved for the fiscal year 2078/79. During a board of directors meeting on Poush 01, it was decided to distribute the dividend on the paid-up […]
Read More and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD)){kind=link}
NEPSE Settles at 1,906 Level, Up 0.94%; All Sectors Except Microfinance Close Green, Led by “Manufacturing and Processing”
The NEPSE index closed at 1,906 today, up 17.70 points from the previous trading day’s close. This represents a 0.94% increase. Yesterday, the index dropped 26.87 points. Today’s index opened at 1,885.7 and reached an intraday high of 1906.61. In contrast, it dropped as low as 1,865.75 before closing at 1,906. In 36,980 transactions, 261 […]
Read More
The final merger procedure between Sana Kisan Bikas and RMDC Laghubitta has been completed the swap ratio has been set at 1:0.87.
The ultimate merger procedure has been completed between Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC). On Bhadra 31, 2079, the firms signed a merger agreement. Similarly, the share exchange ratio between Sana Kisan and RMDC has been determined to be 1:0.87. Investors who now own 100 shares […]
Read More
National Microfinance (NMFBS) Modifies Bonus Dividend for Fiscal Year 2078/79
The bonus dividend of National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has been reduced from 38.5% to 34.45%. NMFBS proposed a Bonus Dividend of 38.5% for fiscal year 2078/79. The 141st board of directors meeting, held on Magh 9, proposed a 38.5% bonus from paid-up capital for fiscal year 2078/79. The company’s paid-up capital […]
Read More Modifies Bonus Dividend for Fiscal Year 2078/79){kind=link}
Chhimek Laghubitta Core Business Revenue Rises By 28.13% in Q2
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the second-quarter report of FY 2079/2080 with a rise in Net Profit by 11.56%. As per the report published by the mChhimek Laghubitta Bittiya Sanstha Limited (CBBL) reported an 11.56% increase in Net Profit in the second quarter of FY 2079/2080. According to the microfinance company’s report, net profit […]
Read More
Forward Microfinance Laghubitta Pays 5% Cash Dividend to Shareholders’ Bank Accounts
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has begun distributing 5% cash dividends to its shareholders’ bank accounts as of today (15th Magh) and has urged them to dematerialize their shares. On Poush 30, 2079, the company held its 10th AGM for the fiscal year 2078/79. The board of directors approved a 30% dividend for […]
Read More