Lumbini Finance & Leasing Co. Ltd has concluded its 14th annual general meeting at Pragya Bhawan, Kamladi, Kathmandu on 14th January 2010 (2066 Poush 30). As per the annual financial report (2065/66) of the finance company, it has Rs. 120 million share capital and had collected Rs. 1.0712 billion as deposits. The operating profit was Rs. 102.6716 million and net profit at the close of fiscal year was Rs 76.1216 million. It has also decided to provide 25% bonus share from the profit of fiscal year 2065/66 and thereafter issue right share in the ratio of 1:1.
Source:Jamb News Service
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Showing posts with label Bonus Share Issuance. Show all posts
Showing posts with label Bonus Share Issuance. Show all posts
Saturday, January 16, 2010
13th AGM of CFCL approved 15% bonus
Central Finance Limited has concluded its thirteen annual general meeting today (14th January 2010). The AGM was started at 11 AM in Lalitpur Bisal Bazar, Lalitpur. The AGM has approved 15% bonus share to its shareholders from the profit of fiscal year 2065/66.
According to the annual financial report (2065/66) of the bank, it has Rs. 126.8951 million share capital and holds Rs 44.845 million in its reserve and surplus. The operating profit of the bank was Rs. 44.070 million and net profit at the close of fiscal year was Rs. 28.252 millions.
Source:Jamb News Service
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According to the annual financial report (2065/66) of the bank, it has Rs. 126.8951 million share capital and holds Rs 44.845 million in its reserve and surplus. The operating profit of the bank was Rs. 44.070 million and net profit at the close of fiscal year was Rs. 28.252 millions.
Source:Jamb News Service
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GMFIL to give 10% bonus and 3:2 right shares
Guheshwori Merchant Banking and Finance Limited have completed its 8th annual general meeting today (14 January 2010). The AGM has approved 10 percent bonus share to the shareholder from the profit of fiscal year 2065/66, thereafter will issue 3:2 ratio of right share.
The company has also said that, the previous decision to balance the power ratio of company as for promoter shareholder 51% and 49% to public shareholder has successfully implemented during the year. Likewise, it has also decided to trade gold on latter days hence needed to be inclusion in MOA.
The finance company has paid up capital of Rs. 109.8111 million and holds Rs. 28.271 million in its reserve and surplus account. Likewise, during the fiscal year 2065/66, it had earned Rs. 19.867 million net profits and Rs. 30.689 million operating profit.
Source:Jamb News Service
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The company has also said that, the previous decision to balance the power ratio of company as for promoter shareholder 51% and 49% to public shareholder has successfully implemented during the year. Likewise, it has also decided to trade gold on latter days hence needed to be inclusion in MOA.
The finance company has paid up capital of Rs. 109.8111 million and holds Rs. 28.271 million in its reserve and surplus account. Likewise, during the fiscal year 2065/66, it had earned Rs. 19.867 million net profits and Rs. 30.689 million operating profit.
Source:Jamb News Service
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SBL to issue bonus shares
The 8th Annual General Meeting (AGM) of Siddhartha Bank Limited (SBL) has endorsed the decision to issue 15 percent bonus shares. With the issuance of the said bonus shares, the bank's paid-up capital will be at Rs. 1.9 billion. In the first five months of the current fiscal year bank's deposit base has reached Rs. 16.99 billion and the loan portfolio stands at Rs. 16.28 billion. In the same period, the operating profit of the bank stood at Rs. 200.02 million.
Source:eKantipur
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Source:eKantipur
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Nepal SBI bank to issue 10:4 bonus shares
Nepal SBI Bank earned an operating profit of Rs 442.3 million in fiscal year 2008/09, 25.2 percent more than what it earned in 2007/08. This was informed in the 16th annual general meeting of the bank held on Monday.
The bank also decided to provide 10:4 bonus shares and provide 2.11 percent cash dividend. The bank has 33 branches and six extension counters in 21 districts across the country. It has a network of 35 ATMs.
Source:Republica
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The bank also decided to provide 10:4 bonus shares and provide 2.11 percent cash dividend. The bank has 33 branches and six extension counters in 21 districts across the country. It has a network of 35 ATMs.
Source:Republica
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Laxmi Bank to issue bonus shares
The 9th annual general meeting of Laxmi Bank has passed a proposal to issue 5 percent bonus shares and provide cash dividend equivalent to tax imposed on bonus shares to its shareholders.
Issuing a press statement on Sunday, the bank said the meeting also endorsed the special proposal to raise authorized capital to Rs 2 billion. With the issues of rights and bonus shares, the bank´s paid-up capital will reach Rs 1.61 billion.
The bank´s net profit has increased by 57.46 percent to Rs 188.9 million during the fiscal year 2008/09 as compared to the previous fiscal year. Similarly, the bank´s deposit collection, loan disbursement and investment also rose by 47.03 percent, 37.46 percent and 92.89 percent respectively as compared to previous year.
Source:Republica
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Issuing a press statement on Sunday, the bank said the meeting also endorsed the special proposal to raise authorized capital to Rs 2 billion. With the issues of rights and bonus shares, the bank´s paid-up capital will reach Rs 1.61 billion.
The bank´s net profit has increased by 57.46 percent to Rs 188.9 million during the fiscal year 2008/09 as compared to the previous fiscal year. Similarly, the bank´s deposit collection, loan disbursement and investment also rose by 47.03 percent, 37.46 percent and 92.89 percent respectively as compared to previous year.
Source:Republica
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Sunday, January 3, 2010
50% Bonus Share: LFC
Lalitpur Finance Limited has decided to provide 50% Bonus Share and 2.63% cash dividend to its shareholders from the profit of fiscal year 2065/66. The dividend proposal need to be approved by its upcoming 13th annual general meeting to be held on 14 January 2010 (2066 Poush 30). For the purpose of its AGM and bonus share the finance company is closing its book of account from 29 December 2009 to 14 January 2010 (2066 Poush 14 to Poush 30).
Source:Jamb News Service
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Source:Jamb News Service
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30% Bonus Share & 10% Cash Dividend: NCM
NIDC Capital markets Limited (NCM) has decided to provide 30 percent bonus share and 10% cash dividend to its shareholder from the profit of fiscal year 2065/66. The meeting of Board of Directors (BOD) scheduled on 28 December 2009 (2066 Poush 13) has decided the proposition of dividends however needed to be approved from the Central Bank of Nepal and its upcoming Annual General Meeting.
Source:Jamb News Service
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Source:Jamb News Service
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Wednesday, December 23, 2009
NIC to issue bonus
NIC Bank's Annual General Meeting held at Biratnagar on Thursday approved to issue 15 percent bonus share and 0.79 percent cash dividend. The Bank posted a net profit of Rs. 317.43 million in 2008/09 which is 31 percent more than last year, said a press release.
The bank's total deposits and loans at the end of the year increased by 19 percent and 21 percent, with total assets reaching Rs. 18, 751 million as compared to the previous year.
Source: eKantipur
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The bank's total deposits and loans at the end of the year increased by 19 percent and 21 percent, with total assets reaching Rs. 18, 751 million as compared to the previous year.
Source: eKantipur
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10% Bonus Share: RMBFI
The eighth Annual General Meeting (AGM) of Royal Merchant Banking and Finance Limited Saturday decided to provide 10 percent bonus shares and 0.52 percent cash dividend from its earnings of fiscal year 2008/09.
Issuing a press statement, Royal Merchant Banking and Finance said that it had become successful in posting a net profit of Rs 21.88 million in 2008/09. The meeting also decided to distribute 1:1 right shares after issuance of the bonus shares, targeting a paid-up capital to Rs 295.7 million.
The company mobilized Rs 1,337 million as deposits and disbursed Rs 1,180 million on loans and Rs 185.4 million on investment in 2008/09.
Source:Republica
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Issuing a press statement, Royal Merchant Banking and Finance said that it had become successful in posting a net profit of Rs 21.88 million in 2008/09. The meeting also decided to distribute 1:1 right shares after issuance of the bonus shares, targeting a paid-up capital to Rs 295.7 million.
The company mobilized Rs 1,337 million as deposits and disbursed Rs 1,180 million on loans and Rs 185.4 million on investment in 2008/09.
Source:Republica
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10% Bonus Share: RMBFI
The eighth Annual General Meeting (AGM) of Royal Merchant Banking and Finance Limited Saturday decided to provide 10 percent bonus shares and 0.52 percent cash dividend from its earnings of fiscal year 2008/09.
Issuing a press statement, Royal Merchant Banking and Finance said that it had become successful in posting a net profit of Rs 21.88 million in 2008/09. The meeting also decided to distribute 1:1 right shares after issuance of the bonus shares, targeting a paid-up capital to Rs 295.7 million.
The company mobilized Rs 1,337 million as deposits and disbursed Rs 1,180 million on loans and Rs 185.4 million on investment in 2008/09.
Source:Republica
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Issuing a press statement, Royal Merchant Banking and Finance said that it had become successful in posting a net profit of Rs 21.88 million in 2008/09. The meeting also decided to distribute 1:1 right shares after issuance of the bonus shares, targeting a paid-up capital to Rs 295.7 million.
The company mobilized Rs 1,337 million as deposits and disbursed Rs 1,180 million on loans and Rs 185.4 million on investment in 2008/09.
Source:Republica
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Sanima to issue bonus
The annual general meeting of Sanima Bikas Bank held on Dec. 16 has approved the decision of the bank to upgrade itself to a commercial bank and raise the required capital for the purpose by issuing 5 percent bonus shares to its shareholders and 1:1.5 rights shares.
The bank will apply to Nepal Rastra Bank for the purpose. The meeting also elected Jiba Lamichhane and Jugal Bhurtel as new members to the board of directors. It also re-elected Arun Ojha and Tek Raj Niraula as board directors.
Source: eKantipur
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The bank will apply to Nepal Rastra Bank for the purpose. The meeting also elected Jiba Lamichhane and Jugal Bhurtel as new members to the board of directors. It also re-elected Arun Ojha and Tek Raj Niraula as board directors.
Source: eKantipur
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Thursday, December 10, 2009
6.667% Bonus Share: NDEP
The BOD meeting of Nepal Development and Employment Promotion Bank Ltd. scheduled on 29th November 2009 (14th mangsir 2066) has decided to provide 6.667% bonus share from the profit of fiscal year 2065/66 subject to approval from NRB and its upcoming AGM.
The bank has posted Rs. 31.017 million net profit and Rs. 34.773 million operating profit as per the fourth quarter of fiscal year 2065/65. Likewise, the bank has posted Rs. 8.129 million net profit for the first quarter of fiscal year 2066/67. The bank has 480 million paid up capital and holds Rs. 85.023 millions in its reserve and surplus account.
Source:Jamb News Service
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The bank has posted Rs. 31.017 million net profit and Rs. 34.773 million operating profit as per the fourth quarter of fiscal year 2065/65. Likewise, the bank has posted Rs. 8.129 million net profit for the first quarter of fiscal year 2066/67. The bank has 480 million paid up capital and holds Rs. 85.023 millions in its reserve and surplus account.
Source:Jamb News Service
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Tuesday, November 3, 2009
Bonus Share of Sahayogi Bikas Bank Ltd.
The 98th BOD meeting of the company has decided to propose 25% bonus share subject to approval from NRB.
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Bonus Share and Cash Dividend of Central Finance Ltd.
The 116th BOD meeting of the company has decided to propose 15% bonus share and Rs. 1001803 cash dividend subject to approval from NRB.
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Bonus Share and Cash Dividend of Subhechha Bikas Bank Ltd.
The 91st BOD meeting of the company has decided to propose 20% bonus share and 11.1% cash dividend subject to approval from NRB.
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Bonus Share and Cash Dividend of Lumbini Finance Ltd.
The 190th BOD meeting of the company has decided to propose 25% bonus share and 1.23% cash dividend subject to approval from NRB and its upcoming AGM.
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Bonus Share of Triveni Bikas Bank Ltd.
The 87th BOD meeting of Tireveni Bikash Bank Ltd. has decided to propose 30% bonus share subject to approval from NRB and its upcoming AGM.
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SBI's dividends
Nepal SBI Bank's 225th board meeting on Friday proposed 2.11 per cent cash dividend and 10:4 bonus shares to its shareholders. The decision has to be approved by the central bank and SBI's own AGM. The bank collected deposit Rs 27.96 billion in the fiscal year 2008-09 and invested Rs 15.61 billion. It posted a net profit of Rs 440.24 million in that fiscal year which was 25.20 per cent higher than the preceding year's Rs 310.64 million.
Source: THT
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Source: THT
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BoK announces 40 pc bonus shares
The 359th board meeting of Bank of Kathmandu (BoK) held on Wednesday decided to propose 40 percent bonus share and 7.37 percent cash dividend to its shareholders.
According to a press release, the bank earned a net profit of Rs 461.73 million in the last fiscal year, which was a growth of about 28 percent compared to the preceding fiscal year. The decision of the board, however, is subject to the approval of Nepal Rastra Bank.
Moreover, the release notes that the bank has managed to increase its deposits by 14.21 percent and loans and advances by 17.24 percent in 2008/09, compared to the previous year. The bank has also announced that its non-performing loans in the last fiscal year have dropped to 1.27 percent from 1.86 percent of a year ago.
Source:Republica
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According to a press release, the bank earned a net profit of Rs 461.73 million in the last fiscal year, which was a growth of about 28 percent compared to the preceding fiscal year. The decision of the board, however, is subject to the approval of Nepal Rastra Bank.
Moreover, the release notes that the bank has managed to increase its deposits by 14.21 percent and loans and advances by 17.24 percent in 2008/09, compared to the previous year. The bank has also announced that its non-performing loans in the last fiscal year have dropped to 1.27 percent from 1.86 percent of a year ago.
Source:Republica
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