NIDC turns 18

KATHMANDU: NIDC Capital Markets Ltd successfully completed its 18 years of its establishment on Thursday. According to the press statement issued, the company is supporting in the Nepali capital market as the Issue manager, Registrar To Shares, Underwriting, Portfolio, NCM and Mutual Fund Scheme.

NEFL growing

KATHMANDU: Nepal Express Finance Ltd (NEFL) during the fiscal year 2008-09 registered an increment of 147 per cent on total deposit compared to the preceding year. The company has registered total deposit of Rs 351.7 million while with an increment of 212 per cent total credit flow of the company is Rs 384.2 million. It posted a total operating profit of Rs 11.6 million. The company’s fourth AGM was on Thursday.

Lumbini’s dividend

KATHMANDU: The 14th AGM of Lumbini Finance and Leasing Co Ltd decided to distribute 25 per cent of its net profit, that is Rs 73.121 million and rights share in the ratio of 1:1 to its shareholders. According to a company statement, it registered growth of 27.69 per cent in its total deposits and 16.41 per cent in credit flow.

GDB’s rights shares

KATHMANDU: The fifth AGM of Gurkha Development Bank (Nepal) Ltd decided to distribute rights share in the ration of 2:1 in the present fiscal year. According to a bank statement, it has registered total net profit of Rs 49.6 million, an increment of

84 per cent, and has decided to distribute 10 per cent bonus share

from the profit.