NPR 718.70
-8.30 (-1.14%)Commercial banks reported an average non-performing loan (NPL) of 5.64 percent for the first quarter of fiscal…Commercial banks reported an average non-performing loan (NPL) of 5.64 percent for the first quarter of fiscal year 2083/84, with Prabhu Bank recording the highest NPL at 14.80 percent and Everest Bank the lowest at 0.50 percent among 20 commercial banks.
An analysis of Q1 financial reports shows a sharp divide among commercial banks, with disciplined banks like…An analysis of Q1 financial reports shows a sharp divide among commercial banks, with disciplined banks like Everest Bank maintaining strong profits and low NPLs, while several merged banks face severe negative distributable reserves and surging bad loans totaling over Rs 37.59 billion in accumulated losses across five major banks.
Commercial banks earned a total net profit of Rs 19.14 billion in the first quarter of the fiscal year…Commercial banks earned a total net profit of Rs 19.14 billion in the first quarter of the fiscal year 2083/84, a 45.59% increase compared to the same period last year. Out of 20 banks, 17 reported increased profits while 3 saw declines.
Commercial banks earned a total net profit of Rs 19.13 billion in the first quarter, representing a 45.46%…Commercial banks earned a total net profit of Rs 19.13 billion in the first quarter, representing a 45.46% increase, though provisioning pressure left the overall sector with negative distributable profits of Rs 9.08 billion.
Everest Bank Limited reported a net profit of Rs 1.25 billion for the first quarter of the fiscal year…Everest Bank Limited reported a net profit of Rs 1.25 billion for the first quarter of the fiscal year 2083/84, with an EPS of Rs 34.78 and a non-performing loan ratio of 0.50%. Sisters indicators showed steady improvements compared to the previous year.
Everest Bank reported a net profit of Rs 1.25 billion in the first quarter of the fiscal year, a 6.22 percent…Everest Bank reported a net profit of Rs 1.25 billion in the first quarter of the fiscal year, a 6.22 percent increase compared to the same period last year. Its EPS stood at Rs 34.78.
Commercial banks have lowered their home loan interest rates following a decrease in base rates, with starting…Commercial banks have lowered their home loan interest rates following a decrease in base rates, with starting rates ranging across various banks and schemes such as 4.21% to 7.64%.
Sixty-two listed companies in NEPSE have announced dividends from the previous fiscal year's distributable…Sixty-two listed companies in NEPSE have announced dividends from the previous fiscal year's distributable profits, with various banks, hydropowers, and mutual funds reporting their proposed bonus and cash dividend distributions.
नेपाल स्टक एक्सचेन्जमा सूचीकृत विभिन्न कम्पनीहरूले चालु आर्थिक वर्षका लागि आफ्ना सेयरधनीहरूलाई लाभांश घोषणा…नेपाल स्टक एक्सचेन्जमा सूचीकृत विभिन्न कम्पनीहरूले चालु आर्थिक वर्षका लागि आफ्ना सेयरधनीहरूलाई लाभांश घोषणा गर्ने क्रम तीव्र बनाएका छन्। सूचीकृत कम्पनीहरूमध्ये वाणिज्य बैंक, विकास बैंक, वित्तीय संस्था, जलविद्युत्, उत्पादनमूलक तथा सामूहिक लगानी कोष (म्युचुअल फन्ड) हरूले प्रतिफल घोषणा गरिसकेका छन्।
Commercial banks' total non-banking assets surpassed Rs 47.69 billion by Bhadra of the fiscal year 2083/84…Commercial banks' total non-banking assets surpassed Rs 47.69 billion by Bhadra of the fiscal year 2083/84, showing an 11.15 percent increase compared to the previous year, with Himalayan Bank recording the highest at Rs 6.40 billion.
Nineteen banks and financial institutions have declared dividends from the profits of the fiscal year 2082/83…Nineteen banks and financial institutions have declared dividends from the profits of the fiscal year 2082/83, with several having already distributed them to investors before Dashain while others await their annual general meetings.
The average maximum deposit interest rates for commercial banks continued to decline for the month of Kartik…The average maximum deposit interest rates for commercial banks continued to decline for the month of Kartik, with individual deposit rates dropping to 4.013 percent and institutional rates to 3.003 percent, as various banks adjusted their rates.
NEPSE rose by 21.50 points to reach 2621.26, with the commercial banking sector contributing the most at 10.18…NEPSE rose by 21.50 points to reach 2621.26, with the commercial banking sector contributing the most at 10.18 points. A total of 188 companies gained while 80 declined during the session.
Commercial banks earned a total net profit of Rs 17.81 billion in the first two months of the current fiscal…Commercial banks earned a total net profit of Rs 17.81 billion in the first two months of the current fiscal year, though several banks continue to report negative retained earnings due to past non-performing loans and heavy provisioning.
Investors are showing interest in lower-priced banking stocks, with Laxmi Sunrise Bank, Kumari Bank, Global…Investors are showing interest in lower-priced banking stocks, with Laxmi Sunrise Bank, Kumari Bank, Global IME Bank, and Prime Commercial Bank seeing significant trading activity on Monday.
Everest Bank Limited has partnered with Medanta Hospital in India to offer its cardholders up to a 15 percent…Everest Bank Limited has partnered with Medanta Hospital in India to offer its cardholders up to a 15 percent discount on medical check-ups and treatments across the hospital's branches. Customers can avail of the discount on OPD, IPD services, and health packages by making payments through the bank's debit or credit cards.
Everest Bank has appointed G.P. Rajbhandary & Co. Chartered Accountants as its auditor during its 32nd annual…Everest Bank has appointed G.P. Rajbhandary & Co. Chartered Accountants as its auditor during its 32nd annual general meeting held on Ashwin 14.
Various listed companies have been holding their annual general meetings to approve financial reports…Various listed companies have been holding their annual general meetings to approve financial reports, dividends, and capital expansions. Everest Bank approved 5 percent bonus shares and 10 percent cash dividend, while Super Madi Hydropower approved 15 percent bonus shares and 0.78947 percent cash dividend along with a 1:2 rights issue for its Upper Tamor project.
Several listed companies across banking, finance, hydropower, and microfinance sectors have held their annual…Several listed companies across banking, finance, hydropower, and microfinance sectors have held their annual general meetings, passing proposals for dividends, capital increases, and mergers. Notable declarations include Everest Bank's 5 percent bonus and 10 percent cash dividend, and ICFC Finance's 10.52 percent cash dividend.
Commercial banks' average base rate dropped from 4.80 percent in Bhadra to 4.75 percent in Ashoj, with…Commercial banks' average base rate dropped from 4.80 percent in Bhadra to 4.75 percent in Ashoj, with Rastriya Banijya Bank reporting the lowest base rate at 4.01 percent and Standard Chartered Bank following at 4.12 percent.