NPR 210.50
-1.00 (-0.47%)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.
Nepal Investment Mega Bank Limited (NIMB) reported a net profit of Rs 1.18 billion for the first quarter of…Nepal Investment Mega Bank Limited (NIMB) reported a net profit of Rs 1.18 billion for the first quarter of fiscal year 2083/84, with an earnings per share (EPS) of Rs 13.85.
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.
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.
Nepal Investment Mega Bank Limited has invited existing promoter shareholders to purchase 82,965 promoter…Nepal Investment Mega Bank Limited has invited existing promoter shareholders to purchase 82,965 promoter shares within 35 days.
Commercial banks have lowered their home loan interest rates, with starting rates dropping as low as 4.21…Commercial banks have lowered their home loan interest rates, with starting rates dropping as low as 4.21 percent following a decline in base rates. Borrowers can choose from various variable and fixed rate promotional packages across different financial institutions subject to specific terms and conditions.
Nepal Investment Mega Bank Limited announced that it will provide an additional one percent interest rate on…Nepal Investment Mega Bank Limited announced that it will provide an additional one percent interest rate on remittance fixed deposit accounts starting from Kartik 1, 2083 B.S.
Him Parbat Hydropower is issuing its IPO starting Kartik 11 targeting project-affected locals and…Him Parbat Hydropower is issuing its IPO starting Kartik 11 targeting project-affected locals and foreign-employed Nepalis. The company is offering a total of 5,915,000 units of shares at Rs 100 per share.
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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.
On Friday, the NEPSE index rose by 8.23 points to close at 2,634.17 with a total turnover of Rs 4.88 billion…On Friday, the NEPSE index rose by 8.23 points to close at 2,634.17 with a total turnover of Rs 4.88 billion. Ghalemdi Hydro led in transaction volume with Rs 204.9 million worth of shares traded, while Chirkhwa Hydro Power saw the highest gain at 14.82 percent and Himalayan Everest Insurance suffered the biggest loss at 4.98 percent.
Nepal Investment Mega Bank has offered 14,614 units of promoter shares held by Sangita Tatha for sale to its…Nepal Investment Mega Bank has offered 14,614 units of promoter shares held by Sangita Tatha for sale to its existing promoter shareholders within 35 days days.
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 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.
Him Parbat Hydropower is issuing 5,915,000 units of IPO shares starting November 28, targeting locals of…Him Parbat Hydropower is issuing 5,915,000 units of IPO shares starting November 28, targeting locals of affected areas and foreign-employed workers. ICRA Nepal assigned the company an ICRA NP Issue Rating Double B Plus indicating average risk. Citizens Capital is the issue manager.
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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.