KBL posts growth

KATHMANDU: Kumari Bank Ltd (KBL) has posted a growth of 52 per cent in its operating profit to Rs 188 million for the first half of the current fiscal year. During the period, the deposit of the bank has gone up by 17.22 per cent to Rs 11.45 billion against the previous fiscal year. KBL distributed 20 per cent bonus shares to its shareholders in the fiscal year 2005-06 and 2006-07 respectively. The bank is in the process of issuing 20 per cent rights shares to its

shareholders. As part of expansion, KBL plans to open branches at Birtamod, Narayangarh, Butwal, Bhairahawa, Besishahar, Damauli and Baglung soon. — HNS

CFL’s bonus share

KATHMANDU: Central Finance Ltd (CFL) has declared 12.5 per cent bonus shares and 0.66 per cent cash dividend to its shareholders from the profit of the fiscal year 2006-07. The 11th annual general meeting of the company held today endorsed the decision. Rajoj M Shrestha, managing director of CFL, stated that the company a net profit of Rs 14.983 million during the fiscal, a growth of 78.72 per cent over the previous fiscal. After issuance of the bonus shares, the paid-up capital of the company will be Rs 78 million. CFL collected Rs 930 million deposits and disbursed loans of Rs 850 million in the first half of the current fiscal year, states a company press release here. — HNS

PFCL declares bonus

KATHMANDU: The 11th annual general meeting of Premier Finance Co. Ltd (PFCL) has declared to issue 15 per cent bonus shares and give three per cent cash dividend to its shareholders from the profit of fiscal year 2006-07. The meeting held on Friday also approved to issue rights shares in a ratio of 10:1, states a company press release here. The company’s deposit base rose by 10.35 per cent to Rs 315.6 million during the period, while it disbursed loans and advances worth Rs 291.7 million. —HNS

Guna Colony unveiled

KATHMANDU: Guna Group has launched a new housing project called ‘Guna Colony’ at Sinamangal in Kathmandu. The colony will have 160 flats modern complex, said Managing Director of Guna Group Dijendra Shakya. According to him, each flat will have three bedrooms, one each attached and common bathroom, living room, kitchen and dinning room. Other features of the colony are regular water supply, electricity, communication as well as swimming pool, health club, security and parking facilities. The price of the flat ranges from Rs 3.2 million to Rs 3.89 million. Easy loans are available from Rastriya Banijya Bank and Guna Cooperative Ltd with down payment of 15-20 per cent. The term of loans vary from 15 to 20 years. — HNS