Local Business Briefs NCCBL’s 565m profit KATHMANDU: Nepal Credit and Commerce Bank Ltd gained net profit of Rs 565 million from investing Rs 17.18 billion in fiscal year 2008-09. The bank has collection of Rs 9.12 billion in the period. It is planning to build up... 17 Dec, 2009
Citizens new ATMs KATHMANDU: Citizens’ Bank International Limited has opened two new ATM counters in order to provide personalised services to its customers at Naya Bazar and Dhapakhel, respectively here in Kathmandu Valley. With the two new recently opened ATM... 10 Dec, 2009
Citizens’ ATM KATHMANDU: Citizens’ Bank International Ltd (CBIL) started its ATM counter service at Birtamod on Wednesday. According to a press statement, the bank has 17 branch offices. The bank plans to establish 30 branches within two years 12 Nov, 2009
Banks vie to give dividends KATHMANDU: It seems that the banks are competing to give dividends to their shareholders. The Board of Directors (BoD) meeting of NIC Bank yesterday decided to recommend 15 per cent bonus shares and 0.79 per cent cash dividend from the profits of the... 29 Oct, 2009
Low investor confidence makes Nepse flounder KATHMANDU: The secondary market is losing steam as it has come down to hover at the 600-point mark in a year. Last October, it was hovering at the 950-point mark. Low investor confidence and uncertainty are pulling the secondary market index down,... 18 Oct, 2009
Nepse thuds below 600-pt mark KATHMANDU: The week started on a gloomy note as all sub-groups lost today on the first day of trading in the domestic market, pulling Nepse below the 600-point mark. Nepse closed 5.04 points lower to rest at 599.33 points in today’s trading... 12 Oct, 2009
BIZ BRIEFS EBL’s 32nd ATM KATHMANDU: Everest Bank Ltd (EBL) installed its 32nd ATM in Bhaktapur. EBL debit cards can be used at more than 2,000 ATMs of Punjab National Bank spread across India. Debit card holders of PNB can withdraw money from any ATM of... 21 Sep, 2009
BIZ BRIEFS DCBL’s rights shares KATHMANDU: DCBL Bank Ltd’s AGM on Wednesday decided to distribute 2:1 rights share and five per cent bonus shares. According to a press release, after the rights issue the paid-up capital will be Rs 1.65 billion. In... 18 Sep, 2009
Banks, hydropower firm ink deal KATHMANDU; Ankhukhola Hydropower Company has signed an agreement with six banks and financial institutions that will see Rs 700 million lent to the hydel project that aims to start electricity generation by June 2010. Prime Commercial Bank,... 16 Sep, 2009
Longest nosedive yet for secondary market KATHMANDU: As expected, the books closing of financial institutions dragged Nepse down to the lowest yet in 2009. All key market propellors — commercial banks, development banks, financial institutions and hydropower companies — lost this... 13 Sep, 2009
Dividend declaration fuels transactions KATHMANDU: The declaration of dividends — cash and shares — has made the shares of Nabil Bank, Standard Chartered Bank Nepal, Nepal Investment Bank, Citizens Bank International and Bank of Kathmandu hotcakes in the secondary market this... 30 Aug, 2009
Citizens’ adds four branches KATHMANDU: Citizens’ Bank International Ltd on Monday inaugurated its four branch offices at Kalanki, Thahiti, Nayabazar and Maitidevi. With the new branches, the bank’s total branch network has touched 17. Within the next two years,... 25 Aug, 2009
