Skip to content
Laganinews Logo

Narayani Development Bank, which has been losing for four years, is selling rights to raise capital funds.

‘सञ्चालकमा राष्ट्र बैंकका पूर्वकार्यकारीदेखि टियूका प्राध्यापकसम्म’ 

nabil bank
सुमित्रा कार्की

Kathmandu. Narayani Development Bank, which has been in loss for the last four years, is going to issue right shares from September 1. The bank is issuing the right shares with the objective of maintaining the adequacy of the capital fund.

The bank has been in net loss for the last four years. The bank has also started issuing right shares to extend loans to various sectors designated by the Rastra Bank. The bank aims to expand two branches with the money received from the sale of right shares.

The bank has said that it will expand two branches for Rs 9 million from the money raised from the right shares to operate the

branch. Similarly, the bank aims to increase investment in physical infrastructure (investment in securities, investment in government bonds, investment in mutual funds) by issuing right shares. The bank said it will invest Rs 25.34 billion in securities, government bonds and mutual funds.

TAG_OPEN_div_61 Nepal Rastra Bank (NRB) is issuing the right to maintain the minimum paid-up capital and capital adequacy prescribed for this financial institution as per the directive of 2081-11-20 and the directive of 2087-04-21.

Similarly, the TAG_OPEN_div_59 company is issuing rights shares worth Rs 262.467 million with the existing paid-up capital as approved by the special general meeting held on 2079-03-08. The bank has decided to increase the paid-up capital by issuing 2,624,676 units of rights shares at the rate of Rs 100 per share and the minimum paid-up capital fixed for the company is Rs 524.935 million.

The bank has said TAG_OPEN_div_57 that it is issuing right shares to raise the capital required to increase investment and expand financial and economic activities in the course of expanding the services of the financial institution. Another objective of the bank is to issue right shares to raise the capital required to increase the turnover by expanding the branch of the institution for the purposes mentioned in the management letter of the financial institution and to keep the company’s capital base strong.

Bank in loss for four years

The bank, which has been in curring losses for the last TAG_OPEN_div_54 four years, is expected to make a profit in the next financial year. The bank is in losses due to the high increase in bad loans of the bank. Non-performing loans (non-performing loans) have increased significantly in the bank’s loan portfolio. Due to the increase in defaults on industry, trade and personal loans, the interest income decreased and the bank was forced to increase the loan provision as per the arrangement of the Rastra Bank. Which has a direct impact on profits.

The bank had a loss of Rs 11.94 million in the fiscal year 2077/78 BS. Similarly, in the fiscal year 2078/79 BS, there was a loss of Rs 54.24 million. The bank’s net loss has increased year-on-year.  In the fiscal year 2018/19, the bank had incurred a loss of Rs 78.1 million. Similarly, in the fiscal year 2080/81, the bank had a loss of Rs 17.6 million, while in the last fiscal year 2081/82, the bank had a loss of Rs 25.169 million.

According to the information released by TAG_OPEN_div_50 the bank for issuing right shares, the bank has been making a profit of Rs 8.51 million in the current fiscal year 2082/83.  Similarly, the bank has projected a profit of Rs 19.48 million in the next fiscal year 2083/84 and Rs 23.49 million in the fiscal year 2084/85.

TAG_OPEN_div_48 The bank’s earnings per share (EPS) stood at Rs 9.59 per share in the last fiscal year 2081/82. In the current fiscal year, the bank will earn Rs 1.62 per share. Similarly, the bank will earn Rs 3.71 per share in fy 2083/84 and Rs 4.46 per share in FY 2084/58.

TAG_OPEN_div_46 The net worth of the bank stood at Rs 27.15 per share in the last financial year. The bank has projected a net worth of Rs 58.22 per share in the current fiscal year. Similarly, the bank has projected a net worth of Rs 61.94 in the next fiscal year 2083/84 and Rs 67.94 in 2084/85.

From former Executive of Rastra Bank to TU Professor

Chandraman TAG_OPEN_div_42 Maleku, former executive officer of Nepal Rastra Bank, is the chairman of the board of directors of the bank. Hailing from Tansen Municipality-1, Palpa, Maleku has worked at Nepal Rastra Bank for 30 years. Maleku, who retired as director of Nepal Rastra Bank for 30 years, has been the Chief Executive Officer of Deposit and Debt Protection Corporation from 2065 to 2067. Similarly, Maleku has served as chief operating officer of Capital Merchant Banking and Finance Limited from 2068 to 2072 and chief executive officer from 2072 to 2073.

post-thumb
Narayani Development Bank’s bad loans cross 50%

Similarly, Maleku served as director of Araniko Development Bank Limited from 2062 to 2065 and general manager of Manakamana Money Express Pvt Ltd from 2061 to 2062. TAG_OPEN_div_39 Maleku’s proposed business÷ experience in business, B.S. Since 2075. He has also served as the Chairman of the Board of Directors of the company till 2077 and from 2081-01-18 till date.

Similarly, Teknath Dhakal TAG_OPEN_div_37 of Siran Chowk-8, Gorkha is the director of this bank. He is v.s. He was a professor and head of the department at Tribhuvan University from 2046 to 2075. He is a v.s. He also served as chairman of the Board of Directors of Cosmos Development Bank Limited from 2067 to 2073. Dhakal He has also worked as a director of Sadhna Laghubitta Financial Institution Limited from 2078 to 2000. Dhakal has served as the director of the bank since 2081-01-18. Yashoda Adhikari is the director of this bank. Similarly, Pukar Thapa is also the director of the bank.

Currently TAG_OPEN_div_35, Pashupati Poudel is the Chief Executive Officer of the bank. He belongs to PauwadungaMA VDC-2, Bhojpur.  Poudel, who has an MBA, taught in various colleges till 2075 BS. Since 2069 B.S. He has served as the director and chairman of Narayani Development Bank till 2075 BS. He b.s. Since 2076 B.S. He has served as chief executive officer of the bank till 2070 BS.  He has been working as chief executive officer of Narayani Development Bank since 2082-05-01 BS.

Prabhu
sikhar insurance

प्रतिक्रिया दिनुहोस्

global ime

सम्बन्धित् समाचार

Gili