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NBF2 & NBF3 Dividend Alert: Today Last Day!

Today is the final day for investors to secure the proposed dividends of Nabil Balanced Fund-2 (NBF2) and Nabil Balanced Fund III (NBF3) for FY 2082/83.

Published By Share Gyan
NBF2 & NBF3 Dividend Alert: Today Last Day!

Nabil Investment Banking Limited has proposed a 3.5% cash dividend, including tax, worth Rs. 3.92 crore for Nabil Balanced Fund-2 (NBF2) and a 2.5% cash dividend, including tax, worth Rs. 3.12 crore for Nabil Balanced Fund III (NBF3). The decision was taken at the 131st board meeting held on Bhadra 18. Both NBF2 and NBF3 are closed-end mutual funds with a 10-year maturity period, sponsored by Nabil Bank Limited and managed by Nabil Investment Banking Limited. The funds have set 7th Ashwin as the book closure date. Therefore, investors who held the units until 6th Ashwin will be eligible to receive the proposed dividends.

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

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