NPR 308.00
+1.00 (+0.33%)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.
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.
Nepal Bank Limited reported a 41.45% increase in net profit, reaching Rs 832,187,000 in the first quarter of…Nepal Bank Limited reported a 41.45% increase in net profit, reaching Rs 832,187,000 in the first quarter of the fiscal year 2083/84, with an EPS of Rs 22.65.
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%.
Commercial banks have continued to lower their average deposit interest rates for the month of Kartik due to…Commercial banks have continued to lower their average deposit interest rates for the month of Kartik due to adequate liquidity and slow credit expansion, with various banks publishing updated individual and institutional rates. Average individual maximum deposit rates dropped to 4.013 percent, while institutional rates fell to 3.003 percent.
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.
Nepal Insurance Company has entered its 80th year of providing non-life insurance services, operating 54…Nepal Insurance Company has entered its 80th year of providing non-life insurance services, operating 54 branches nationwide with 298 employees.
about a related company
Commercial banks earned a total net profit of over Rs 8.73 billion in the first month of the current fiscal…Commercial banks earned a total net profit of over Rs 8.73 billion in the first month of the current fiscal year, with Nabil Bank leading in volume and Agricultural Development Bank showing the highest growth rate, while several major banks experienced profit declines compared to the same period last year.
National Life Insurance will provide life insurance and loan security services for employees of Nepal Bank…National Life Insurance will provide life insurance and loan security services for employees of Nepal Bank under an agreement signed between the two institutions on Wednesday.
Nepal Bank Limited and National Life Insurance Company Limited signed an agreement to provide life insurance…Nepal Bank Limited and National Life Insurance Company Limited signed an agreement to provide life insurance coverage for the bank's employees to enhance their financial security and risk management capability.
Commercial banks have published their interest rates for the month of Ashoj, with Standard Chartered Bank and…Commercial banks have published their interest rates for the month of Ashoj, with Standard Chartered Bank and Kumari Bank lowering their maximum individual fixed deposit rates to 3.75% and 3.43% respectively, while others kept their rates stable or unchanged from the previous month. Commercial banks published their interest rates for the month of Ashoj, with Standard Chartered Bank and Kumari Bank lowering their maximum individual fixed deposit rates to 3.75% and 3.43% respectively, while others kept their rates stable or unchanged from the previous month.
An analysis of commercial bank CEO remuneration reveals a disconnect with poor long-term shareholder returns…An analysis of commercial bank CEO remuneration reveals a disconnect with poor long-term shareholder returns, as 12 out of 19 banks recorded negative 5-year returns despite high executive pay.
Commercial banks, development banks, and financial institutions have contributed a total of Rs 535,911,000 to…Commercial banks, development banks, and financial institutions have contributed a total of Rs 535,911,000 to the Prime Minister Disaster Relief Fund to support flood victims in Rasuwa, Nuwakot, and Dhading.
Commercial banks have invested a total of Rs 503.85 billion in the energy sector as of Ashar end, 2083, with…Commercial banks have invested a total of Rs 503.85 billion in the energy sector as of Ashar end, 2083, with Nabil Bank leading in volume at Rs 53.53 billion and Kumari Bank leading with 17.40% of its total credit. Nepal Rastra Bank mandates that all banks must allocate at least 10% of their total credit to the energy sector by Ashar 2085.
Banks and financial institutions have jointly contributed over Rs 36.14 billion through CSR funds and employee…Banks and financial institutions have jointly contributed over Rs 36.14 billion through CSR funds and employee donations to support flood-affected areas, including major contributions from Global IME Bank, Nabil Bank, and others.
Pitamber Bhandari has been appointed as the new chairman of Nepal Bank Limited and took the oath of office…Pitamber Bhandari has been appointed as the new chairman of Nepal Bank Limited and took the oath of office from the central bank governor.
Nine commercial banks contributed over Rs 6.55 billion to the Prime Minister Disaster Relief Fund, alongside…Nine commercial banks contributed over Rs 6.55 billion to the Prime Minister Disaster Relief Fund, alongside over USD 680,000 collected in US dollars by Bhadra 12.