Himalayan General Insurance Co. Ltd. to provide 5.26% Cash Dividend

Himalayan General Insurance Co. Ltd organized its 15th annual general meeting today (12 June, 2009). The meeting has decided to provide 5.26 % cash dividend amounting to Rs. 33, 15,789 to its shareholders. According to the financial report of fiscal year 2064/65, it had earned Rs. 6.685 million as a profit, where as it was Rs. 7.537 million during fiscal year 2063/64. During the year 2064/65, company had net worth of Rs. 100.098 million, 0.30 million units of shares, earning per share of Rs. 10.61 and market price per share Rs. 345. It has seven branches across Nepal. According to the unaudited financial report of the first 9 month of the current fiscal year, it had collected 240 million as a premium from more than seven insurance products and invested RS. 190.26 million.

Source: Jamb News Service

Central Bank to Investigate Nepal Bangladesh Bank

Nepal Rastra Bank had decided to investigate financial position of Nepal Bangladesh Bank (NBB). NBB had announced its net profit amounting to Rs. 939.22 millions and Rs. 861.024 millions as right back of provision for possible loss during the nine month of the current fiscal year 2065/66. The net profit amount was highest when compared with good performing commercial bank of Nepal for the nine month period. However, the operating income of the bank was less than half of its net profit. The operating profit was Rs. 314.324 million. Nepal Rastra Bank had asked NBB to submit the details of loan recovery information to NRB to verify the truth worthy of loan recovery data and to know the payment of loans by the promoter. Promoter had large amount of loans and the delay in the recovery of these loans led the non performing loan of the bank to height. The non performing loan (NPL) to total loan of the bank figured to 29.90 % during the first nine month of the current fiscal year 2065/66 but it had 37.60 % in the corresponding year for the same duration.

Source: Jamb News Service

Public Shares of Arun Valley Hydropower Dev. Co. Ltd.

Public Shares of Arun Valley Hydropower Dev. Co. Ltd.
Arun Valley Hydropower Company Ltd. is issuing 515000 no. of shares as initial public offering from 23rd June 2009 (2066 Ashad 9). A premium of Rs. 84 per share is levied, which would sum up the per share amount to Rs. 184.

BOAN and CZBIL starts to trade from 2009.06.11

Bank of Asia Nepal Limited with stock symbol BOAN commenced its trading form today (11 June, 2009) with an opening price of Rs. 100. It reached a peak of Rs. 533 but slacked down to Rs. 471 and is currently trading at Rs. 480. The Bank had listed 10 million units of ordinary shares in 7th June, 2009. Likewise, trading of Citizen Bank International Ltd. with stock symbol CZBIL also started its trading form today with an opening price of Rs. 100. It rose to 581 but plunged in a moment to Rs. 535 and is currently trading at Rs.580. CZBIL had listed 10 million units of ordinary shares in Nepal Stock Exchange at 7th June, 2009.

Source: Jamb News Service

80% finance for Needy Person- Chilime Hydro Power Ltd' Ko Share ko Lagi.

80% finance for Needy Person- Chilime Hydro Power Ltd' Ko Share ko Lagi.
Share per Rate = 323.70
Tension for awaited Chilime Hydropower Ltd.' Share Investment..
Scarcity of Funds to apply SHARES???
don't you worry, if you really in need of funds to invest, do let us know.
We shall invest on ur Chilime for you @ 80% i.e. 258.96 / Share.....Worries gone......Chillllleeeee
Contact: santoshakya@gmail.com

Today's Stock Exchange dated 2009.06.11

S.No.	Traded Companies	Max. Price	Closing Price	Previous Closing	Difference Rs.
1	Ace Dev. B. Ltd	572	560	575	-15
2	Annapurna Fin. Co. Ltd	951	951	970	-19
3	BOA	533	474	0	474
4	BOK	1,530	1,530	1,529	1
5	Clean Energy Dev. B. Ltd.	785	784	780	4
6	Chilime Hydro power Co.	1,245	1,240	1,225	15
7	Citizen Inv. Trust	670	670	667	3
8	Cosmic Mer.Bank & Fin.	495	495	499	-4
9	Citizens Bank Intl' Ltd.	588	572	0	572
10	DCBL Bank Ltd.	404	400	412	-12
11	Everest Bank Ltd	2,300	2,300	2,300	0
12	Global Bank Limited	572	527	561	-34
13	Gurkha Development Bank	619	619	607	12
14	General Fin. Co. Ltd. Pro. Share	115	115	115	0
15	Himalayan Bank Ltd.	1,630	1,630	1,602	28
16	ICFC Bittya Sanstha Ltd.	475	475	470	5
17	International Leasing & Fin. Co.	600	585	600	-15
18	IME Financial Institution	887	887	870	17
19	Kaski Finance Limited	851	850	830	20
20	Kumari Bank Ltd	629	615	625	-10
21	KIST Bank Limited	380	380	377	3
22	Lord Buddha Fin. Inst. Ltd.	455	455	457	-2
23	Lumbini General Insurance	203	203	203	0
24	Machhachapuchhre Bank Ltd	417	416	421	-5
25	Malika Bikash Bank Limited	1,220	1,220	1,224	-4
26	Merchant Finance Co. Ltd.	333	333	339	-6
27	Nabil Bank Ltd.	4,300	4,300	4,280	20
28	Nepal Bangladesh Bank Ltd.	272	272	261	11
29	Nepal Credit & Com. Bank	298	295	293	2
30	Nepal Express Finance Limited	315	303	314	-11
31	Nepal Investment Bank Ltd.	1,215	1,215	1,215	0
32	Nepal Industrial & Co.Bank	962	955	961	-6
33	NMB Bank Ltd.	465	465	460	5
34	Nepal Share Markets Ltd.	897	870	860	10
35	Nepal Share Markets Ltd. Pro. Share	673	673	673	0
36	NDCL(NTC)	550	550	550	0
37	Peoples Finance Limited.	359	330	366	-36
38	Pokhara Finance Ltd.	406	406	406	0
39	Purwanchal Grameen Bikash B. Ltd	1,110	1,110	1,090	20
40	Pashupati Development Bank Limited	479	479	465	14
41	Reliable Finance Limited	663	663	651	12
42	Sanima Vikash Bank Ltd.	620	620	624	-4
43	Nepal SBI Bank Limited	1,780	1,720	1,765	-45
44	Siddhartha Bank Limited	940	923	930	-7
45	Shikhar Bittiya Sanstha Limited	318	306	305	1
46	Standard Chartered Bank Ltd.	5,685	5,600	5,680	-80
47	Siddhartha Development Bank Limited	290	290	294	-4
48	Shree Investment Finance Co. Ltd	820	804	820	-16
49	Siddhartha Insurance Limited	184	184	183	1
50	Standard Finance Ltd.	378	378	375	3
51	Subhechha Bikas Bank Limited	714	700	700	0
52	Swabalamwan Bikash Bank	625	625	625	0
53	Triveni Bikas Bank Limited	645	633	603	30
54	World Merchant Bank Ltd	410	410	418	-8

On going - Current Issues in Nepal Share Market.

Below is the current issues in Nepal Share Market.

S.No	Company Name	Amount (Rs. in million)	Issue Type	Issue Manager	Issue Period
1	Ace Development Bank Ltd.	292.86	Right	Elite Capital Ltd.	From 20/05/09 To 23/06/09
2	Bhrikuti Vikash Bank Limited	140.99	Right	NIDC Capital Markets Ltd	From 05/06/09 To 09/07/09
3	Central Finance Co. Ltd.	25.39	Right	Ace Development Bank Ltd	From 01/06/09 To 05/07/09
4	DCBL Bank Ltd.	557.33	Right	NMB Bank Ltd.	From 19/05/09 To 22/06/09
5	Everest Finance Ltd,	20.00	Right	Ace Development Bank Ltd	From 23/06/09 To 27/07/09
6	Excel Development Bank Ltd.	60.00	Right	Ace Development Bank Ltd	From 17/06/09 To 21/07/09
7	Gurkha Development Bank	120.00	Right	Ace Development Bank Ltd	From 01/06/09 To 05/07/09
8	Imperial Financial Institution	50.00	Right	NIDC Capital Markets Ltd	From 11/05/09 To 14/06/09
9	Lumbini Finance Ltd.	45.00	Right	Ace Development Bank Ltd	From 14/06/09 To 19/07/09
10	NDEP Bank Limited	160.00	Right	Ace Development Bank Ltd	From 01/06/09 To 05/07/09
11	NMB Bank Limited	330.00	Right	DCBL Bank	From 18/05/09 To 21/06/09
12	Narayani Development Bank Ltd.	10.00	Right	Elite Capital Ltd.	From 28/05/09 To 01/07/09
13	National Life Insu.Co.Ltd.	132.00	Right	Nagarik Lagani Kosh	From 11/06/09 To 25/06/09
14	Nava Durga Finance Co.Ltd.	54.61	Right	NMB Bank Ltd.	From 15/06/09 To 19/07/09
15	Nepal Share Markets Ltd.	1,567.73	Right	Nagarik Lagani Kosh	From 28/06/09 To 02/08/09
16	Patan Finance Limited	50.00	Right	NIDC Capital Markets Ltd	From 22/06/09 To 26/07/09
17	Prabhu Finance Company Limited	80.00	Right	Elite Capital Ltd.	From 19/06/09 To 23/07/09
18	Premier Finance Co. Ltd.	47.52	Right	NIDC Capital Markets Ltd	From 27/04/09 To 15/06/09
19	Sanima Bikash Bank Ltd.	384.00	Right	Nagarik Lagani Kosh	From 18/05/09 To 21/06/09
20	Standard Finance Ltd.	834.90	Right	NIDC Capital Markets Ltd	From 03/06/09 To 07/07/09
21	United Insurance Co.(Nepal)Ltd.	28.80	Right	NIDC Capital Markets Ltd	From 18/05/09 To 22/06/09
22	Vibor Bikas Bank Ltd.	265.20	General	NMB Bank Ltd.	From 10/06/09 To 14/06/09
23	World Merchant Bank & Finance Limited	72.00	Right	NMB Bank Ltd.	From 12/05/09 To 15/06/09