NPR 203.00
-5.40 (-2.59%)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.
Himalayan Bank Limited reported a 6.84 percent decrease in net profit to Rs 65.48 crore for the first quarter…Himalayan Bank Limited reported a 6.84 percent decrease in net profit to Rs 65.48 crore for the first quarter of the fiscal year, compared to Rs 70.28 crore in the same period last year. Its earnings per share stood at Rs 11.60 and non-performing loans rose to 7.98 percent.
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.
Himalayan Bank Limited reported a net profit of Rs 654.8 million for the first quarter of the fiscal year…Himalayan Bank Limited reported a net profit of Rs 654.8 million for the first quarter of the fiscal year, with its EPS standing at Rs 11.60 and non-performing loans rising to 7.98 percent as of Ashoj end.
Following recent market gains, the NEPSE index closed at 2,690.15. Only three companies are currently trading…Following recent market gains, the NEPSE index closed at 2,690.15. Only three companies are currently trading below Rs 200: Rasuwagadhi Hydropower, Prabhu Bank, and Upper Tamakoshi Hydropower, while 41 companies are trading below Rs 300.
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%.
Before Dashain, NEPSE closed at 2634.17 points, with investor focus shifting towards stocks trading below Rs…Before Dashain, NEPSE closed at 2634.17 points, with investor focus shifting towards stocks trading below Rs 300. The report details market prices, 52-week highs and lows, and market capitalization for various hydropower and commercial bank stocks such as Rasuwagadhi Hydropower, Prabhu Bank, and Upper Tamakoshi Hydropower among others.
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.
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.
Commercial banks earned a total net profit of Rs 17.81 billion in the first two months of fiscal year 2083/84…Commercial banks earned a total net profit of Rs 17.81 billion in the first two months of fiscal year 2083/84, with Nabil Bank leading in profit amount and Himalayan Bank leading in growth percentage.
Commercial banks earned a total net profit of Rs 17.81 billion in the first two months of fiscal year 2082/83…Commercial banks earned a total net profit of Rs 17.81 billion in the first two months of fiscal year 2082/83, representing a 7.32 percent increase. Nabil Bank led with the highest net profit of Rs 1.80 billion, followed by Global IME Bank with Rs 1.69 billion and Prime Commercial Bank with Rs 1.14 billion, while Himalayan Bank recorded the highest percentage growth in profit at 55.13 percent.
Himalayan Capital proposed a 15 percent cash dividend including tax for the fiscal year 2082/83 from its…Himalayan Capital proposed a 15 percent cash dividend including tax for the fiscal year 2082/83 from its profits, along with scheduling its AGM for Kartik 20, 2083. Parent company Himalayan Bank Limited is related to this announcement through ownership of the capital company.
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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.
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.
Total deposits of commercial banks reached Rs 75.6555 trillion by the end of Bhadra in fiscal year 2083/84…Total deposits of commercial banks reached Rs 75.6555 trillion by the end of Bhadra in fiscal year 2083/84, showing a slight increase compared to Ashar end.
Himalayan Bank has partnered with Smart Choice Technologies to provide SmartPay IBFT inter-bank fund transfer…Himalayan Bank has partnered with Smart Choice Technologies to provide SmartPay IBFT inter-bank fund transfer services to its customers.
Commercial banks expanded credit by Rs 61 billion over two months, with Global IME Bank leading the expansion…Commercial banks expanded credit by Rs 61 billion over two months, with Global IME Bank leading the expansion by increasing credit by Rs 20.01 billion.