Nepal merchant banking & finance ltd
(NMBFL) posted a growth of
13.87 per cent in its net
profit to Rs 36.49 million
during the fiscal year of
2005-06. Presenting the
annual report at the 11th
annual general meeting,
Mahabir Prasad Goyal,
chairman of NMBFL said the
company mobilised deposits
worth over Rs 1.68 billion
and floated loans and
advances worth Rs 1.44
billion during the fiscal.
He also informed that NMBFL
has already made an
operating profit of Rs 30.9
million during the first
five months of the current
fiscal year 2006-07. The
company’s deposits saw an
increment of 15.47 per cent,
while lending rose by 40.05
per cent. The meeting of the
finance company decided to
increase the paid up capital
of each share from Rs 65 to
Rs 80. During the period,
the company acted as issue
and sales manager for five
ini IPOs, five rights share
issuance and one debenture
of a commercial bank.
More information regarding
the results of Nepal
Merchant Bank
Other banking news and
articles:
Asian Development bank study
on transport 5-1-2007
Global Bank in Nepal 4-1-07
Saving scheme for Child
Labourers (2-1-07)
progress on internet
banking (1-1-07)
Banks rush into consumer lending
Banks to far away from clients
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