NPR 270.60
-3.20 (-1.17%)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.
Prime Commercial Bank Limited reported a net profit of Rs 1.18 billion for the first quarter of the fiscal…Prime Commercial Bank Limited reported a net profit of Rs 1.18 billion for the first quarter of the fiscal year, a 5.62% decrease compared to the same period last year. Its earnings per share (EPS) dropped to Rs 22.67, while non-performing loans rose to 7.15%. All figures are based on the un-audited quarterly financial report ending in Ashwin.
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.
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 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 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.
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.
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.
Prime Commercial Bank Limited celebrated its 19th anniversary by organizing a blood donation program across…Prime Commercial Bank Limited celebrated its 19th anniversary by organizing a blood donation program across seven locations nationwide, collecting 522 pints of blood with the participation of employees and well-wishers.
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.
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.
Prime Commercial Bank's 3,000,000 units of debentures have been listed on NEPSE and will start trading from…Prime Commercial Bank's 3,000,000 units of debentures have been listed on NEPSE and will start trading from Wednesday. The 10-year debenture offers an annual interest rate of 6.25%.nesh Raj Pokharel contributed to the relief effort.
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.