Latest NEPSE News & Share Market Updates
CIAA Uncovers Major Land Grab: Seven Charged in Narsingh Bhagwan Temple Corruption Scandal
The Commission for the Investigation of Abuse of Authority (CIAA) has taken a decisive step against corruption, filing a significant case against seven individuals, including former government employees and middlemen, for their alleged involvement in the fraudulent transfer of public land belonging to the revered Narsingh Bhagwan Temple in Sunsari. This move underscores the CIAA's commitment to upholding the integrity of public assets and combating deep-rooted corruption within administrative structures. The investigation was initiated following a formal complaint detailing the misappropriation of the temple's land through an intricate web of collusion between the temple priest and various administrative personnel. The CIAA's thorough inquiry confirmed the allegations of corruption, leading to the formal filing of charges at the Special Court on Monday. This case highlights a disturbing trend where sacred and public endowments are exploited for private gain, eroding public trust and undermining the rule of law. According to the CIAA's findings, a substantial plot of land, specifically 10 kaththa and 5 dhur, situated in the former Bhadgaun Sinwari Village Development Committee-4 (now Ramdhuni Municipality-2) in Sunsari, was illicitly transferred to the name of priest Tiru Chaudhary. This illicit transfer was orchestrated through a sophisticated scheme involving the creation of forged documents. Investigations revealed that false survey reports (Sarjameen Muchulka) and fabricated relationship verification documents were meticulously prepared and issued from the ward office of the erstwhile Dharan Municipality and the VDC office. These fraudulent documents served as the primary instruments to legitimize the illegal transfer, showcasing a blatant disregard for legal procedures and ethical conduct. The current minimum market valuation of this misappropriated land is estimated at NPR 3.61 million, indicating the significant financial scale of the alleged corruption. The list of individuals implicated in this high-profile case includes several key figures who held positions of public trust. Among the accused are Ganesh Prasad Khatiwada, who served as the then Administrative Officer of Dharan Municipality; Kapilmani Dahal, the then Secretary of the former Sinwari VDC; and Sushil Baidya, Tungnath Bhandari, and Kedar Bahadur Karki, all former officers at the Sunsari Land Revenue Office. These individuals, entrusted with safeguarding public records and assets, are now facing serious allegations of complicity in the land grab. Furthermore, the CIAA's investigation revealed that then VDC Secretary Dahal allegedly received a bribe of NPR 5,000 from priest Tiru Chaudhary as a quid pro quo for facilitating the illegal land transfer, adding another layer to the corruption charges. Beyond the public officials, the case also targets the direct beneficiaries and facilitators of the fraud. Priest Tiru Chaudhary, who is accused of acquiring the land under his name through illicit means, and Pankaj Ghimire, a local land broker who allegedly played a crucial role as an accomplice, are also being prosecuted. Their involvement underscores the collaborative nature of such corrupt schemes, often involving both insiders and external facilitators. Additionally, Uttam Ale, the then Ward Secretary of Dharan Municipality Ward No. 14, faces charges for his alleged role in preparing the false survey reports, which were instrumental in the fraudulent transaction. The CIAA is seeking stringent penalties against all defendants. The commission has demanded the recovery of the full misappropriated amount, NPR 3.61 million, from all accused parties. In addition to financial restitution, the CIAA has called for imprisonment and fines as stipulated under the Prevention of Corruption Act, 2059. Crucially, the anti-graft body has also petitioned the Special Court to confiscate the public land that was illegally registered in private names and to restore its ownership to the Narsingh Bhagwan Temple. This demand highlights the CIAA's objective not only to punish the perpetrators but also to reverse the effects of the corruption and return public assets to their rightful owners. This case serves as a stark reminder of the persistent challenges Nepal faces in combating corruption, particularly concerning public land and religious endowments. The successful prosecution of such cases is vital for reinforcing public confidence in governance institutions and ensuring that those who abuse their positions for personal gain are held accountable. Investors and the general public alike will be closely watching the proceedings, as the outcome will undoubtedly have broader implications for transparency, accountability, and the protection of public assets across the nation.
Machhapuchchhre Bank Delivers Strong Q4 Performance, Net Profit Surges Over 12%
Machhapuchchhre Bank Limited (MBL) has announced a robust financial performance for the fourth quarter of the last fiscal year, showcasing significant growth in both net profit and earnings per share (EPS). The unaudited financial statement reveals a commendable increase in profitability, underscoring the bank's resilience and strategic operational efficiency in a dynamic market environment. This positive trajectory is likely to instill confidence among investors and stakeholders regarding the bank's future prospects. For the fiscal year ending in the fourth quarter, Machhapuchchhre Bank reported a net profit of NPR 2.11 billion. This represents a substantial 12.24% increase compared to the NPR 1.88 billion recorded in the same period of the previous fiscal year. This double-digit growth in net profit is a key indicator of the bank's ability to enhance its bottom line, driven by a combination of improved revenue generation and effective cost management. Such consistent growth is crucial for maintaining investor interest and supporting long-term share value. A closer look at the income streams reveals that the bank's net interest income, a primary driver of profitability for commercial banks, saw a healthy increase of 5.53% during the review period. Complementing this, the net fee and commission income experienced an even more impressive surge of 23.38%. The diversification and growth in these core revenue components highlight the bank's success in expanding its client base and offering a broader range of financial services. Furthermore, the bank's total operating income grew by 11.74%, while operating profit saw a modest but positive increase of 0.54%, indicating sound operational foundations. Crucially, the bank's enhanced profitability was also supported by a reduction in non-operating expenses. This disciplined approach to expenditure management played a significant role in boosting the overall net profit figures. For investors, the distributable profit is a vital metric as it directly impacts potential dividend payouts. Machhapuchchhre Bank reported a distributable profit of NPR 981.9 million for the period, translating to a distributable earnings per share of NPR 7.51. This figure provides a clear indication of the earnings available for distribution to shareholders, subject to regulatory approvals and the bank's dividend policy. The bank's earnings per share (EPS) also witnessed a notable improvement, increasing by NPR 1.90 to reach NPR 17.49. This upward trend in EPS is a strong signal of increasing shareholder value and improved efficiency in generating profits relative to the number of outstanding shares. As of mid-July (Ashar end), the bank's per-share net worth stood at NPR 169.90, reflecting a solid asset base supporting each share. The price-to-earnings (P/E) ratio was reported at 14.18 times, offering investors a valuation perspective relative to its earnings. In terms of capital structure and operational scale, Machhapuchchhre Bank has a robust paid-up capital of NPR 15.08 billion, which includes NPR 3 billion raised through the issuance of irredeemable non-cumulative preference shares. This strong capital base is further bolstered by a substantial reserve fund amounting to NPR 8.44 billion, providing a solid buffer for future growth and potential contingencies. The bank's core banking activities demonstrate significant market presence, having successfully collected NPR 220 billion in deposits and disbursed NPR 163 billion in loans by the end of Ashar. Overall, Machhapuchchhre Bank's Q4 financial results paint a picture of a well-managed institution achieving commendable growth in key financial metrics. The combination of increased revenue streams, disciplined cost control, and a strong balance sheet positions the bank favorably for continued success in the competitive Nepali banking landscape. Investors will likely view these results as a positive indicator of the bank's stability and potential for sustained returns.
Samsung Unveils Galaxy Z Fold8 Series and Watch Lineup in Nepal
Samsung Nepal has launched its eighth generation foldable lineup, introducing the Galaxy Z Fold8 Ultra, Galaxy Z Fold8, and Galaxy Z Flip8 alongside the Galaxy Watch9 and Galaxy Watch Ultra2. The new foldables feature larger displays designed for enhanced multitasking with integrated Galaxy AI. In Nepal, the Galaxy Z Flip8 is priced at NPR 194,999, the Galaxy Z Fold8 costs NPR 274,999, and the Galaxy Z Fold8 Ultra starts at NPR 299,999. Alongside the new devices, Samsung introduced a customer ecosystem centered on affordability, accessibility, and sustainability. The company offers flexible 24 month payment plans with a 40% down payment, trade-in bonuses, and free mobile data packages. Supported by retail partners IMS and Him Electronics, customers can easily pre-order and pick up devices in stores, while trade-in partner Apkudo inspects and refurbishes older phones to help reduce electronic waste. Pre-orders for the series opened on August 13, 2026, with two promotional offers. The VIP Pre-order Package offers benefits worth up to NPR 68,000, including two years of free Ncell unlimited data and voice, up to NPR 15,000 in trade in bonuses, NPR 10,000 off a new Galaxy Watch, six months of free Google AI Pro, and a free case. The Normal Pre-order Package provides similar perks valued up to NPR 58,000.
Gold Price Falls by Rs. 4600 Per Tola; Silver by Rs. 90
Gold prices have witnessed a moderate falls in the domestic market today, falling by Rs. 4,600 per tola to settle at Rs. 301,600 per tola, down from the previous rate of Rs. 306,200 per tola. The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported that Tejabi gold price also falls by Rs. 4,600 per tola to reach Rs. 300,900 per tola, compared to Rs. 305,500 per tola on the previous day. Similarly, silver prices moved in the same direction, falls by Rs. 90 per tola to Rs. 4,660 per tola from Rs. 4,750 per tola on the previous day.
NOC Urges Businesses to Support Public Supply by Releasing Surplus Gas
Nepal Oil Corporation (NOC) has issued a public notice regarding the supply and distribution of 14.2 kg cooking gas cylinders, which have been back on the market since July 16, 2026 (Asar 31, 2083 BS). Despite importing and distributing around 20% more gas than usual, the corporation acknowledged growing complaints from the general public who are still struggling to buy cylinders easily. Following complaints received by its rapid response desk, NOC conducted market inspections and discovered that several businesses including hotels, restaurants, and party venues have been stocking up on more cylinders than they actually need. NOC has urged all commercial establishments to stop unnecessary hoarding and immediately return excess cylinders to local dealers so they can be distributed to regular consumers. The corporation warned that strict legal action will be taken against anyone caught hoarding gas cylinders against these directions.
ERC Moves to Facilitate Bonus Share Approval Process for Electricity Companies
The Electricity Regulatory Commission (ERC) has moved to streamline the process for prior approval of bonus share issuance by electricity companies and other licensed entities. The decision was discussed during the Commission’s 311th meeting held on 2083/04/13. Under Section 12 of the Directive on Prior Approval and Regulation of Public Issuance of Shares of Electricity-Related Companies, 2078, companies must obtain prior approval from the Commission if a change in their shareholding structure exceeds 5%. Companies are also required to inform the Commission when issuing bonus shares to shareholders. The Commission noted that if the issuance of bonus shares results in a change of more than 5% in the shareholding structure, the licensed entity must seek approval from the Commission in accordance with Regulation 17(1) of the Regulation Concerning Conditions to be Followed by Electricity Purchase and Sale and Licensed Persons, 2076. For such approval, the entity is required to submit an application in the prescribed format under Schedule 6, along with the required documents specified in Schedule 7. The existing provisions under Schedule 7, Point 7, and Schedule 8, Point 5 require applicants to submit decisions of both the Board of Directors and the General Meeting regarding changes in the shareholding structure. The ERC has discussed facilitating this requirement by replacing the existing provision requiring decisions from both bodies with a provision referring to a decision of the Board of Directors or the General Meeting. The proposed facilitation is intended to simplify the approval process while maintaining regulatory oversight over changes in the shareholding structure of electricity companies. The ERC’s decision comes in the context of increasing bonus share issuances and other changes in the capital structures of electricity-sector companies, where compliance with prior-approval requirements can affect the timing and administrative burden of corporate actions. The Commission’s discussion is aimed at making the regulatory process more practical and facilitating licensed entities in obtaining approval for changes in their shareholding structures, particularly where such changes arise from the issuance of bonus shares. The existing regulatory framework continues to require prior approval where the change in shareholding structure exceeds the prescribed 5% threshold.
Excel Development Bank Schedules 20th AGM: Strategic M&A Discussions and No Dividend Proposed for FY 2081/82
Excel Development Bank Limited (EDBL) has officially announced its 20th Annual General Meeting (AGM), a pivotal event for its shareholders and the strategic direction of the institution. The meeting is scheduled to take place on Bhadra 24, 2083 (corresponding to September 9, 2026, based on the Nepali calendar), commencing at 11 AM at the Siddhartha Hotel in Jhapa. This regional location underscores the bank's commitment to engaging with its diverse shareholder base. The upcoming AGM carries significant weight, as it will address several crucial agendas that will shape EDBL's operational and financial future. Foremost among these is the endorsement of the financial reports for the fiscal year 2081/82. This includes the detailed profit and loss statements, comprehensive financial reports, and cash flow reports, all of which provide a transparent overview of the bank's performance, profitability, asset quality, and liquidity during the past year. Shareholders will scrutinize these documents to assess the bank's financial health and management's stewardship. Complementing this, the AGM will also endorse the auditor's report, a critical component that assures the accuracy and compliance of the financial statements, thereby upholding investor confidence. Further solidifying its commitment to robust corporate governance, the meeting will approve the appointment of an independent auditor for the fiscal year 2082/83. The selection of a competent and impartial auditor is paramount for maintaining financial integrity and ensuring that the bank's accounts are subjected to rigorous, unbiased scrutiny. Additionally, the appointment of an independent director will be on the agenda. Independent directors play a vital role in bringing objectivity, diverse expertise, and an external perspective to the board, enhancing oversight and decision-making processes, ultimately benefiting all stakeholders. Perhaps the most strategic item on the agenda, and one that will undoubtedly capture the keen interest of investors, is the discussion surrounding potential merger and acquisition (M&A) activities. The board will seek shareholder approval to identify a suitable bank or financial institution for merger or acquisition with Excel Development Bank Limited. This signals a proactive approach by EDBL to explore avenues for growth, market consolidation, and capital enhancement, which are increasingly common strategies in Nepal's evolving financial landscape. Furthermore, the board will be granted full authority to oversee various M&A-related proceedings, including responding to instructions from regulatory bodies like Nepal Rastra Bank. This mandate is crucial for agile decision-making in the complex and often time-sensitive M&A process, allowing the bank to capitalize on strategic opportunities as they arise. Another agenda point includes the proposal to increase the meeting allowances for members of the board of directors. While seemingly minor, such proposals reflect the bank's approach to compensating its leadership and are often discussed in the context of overall corporate expenditure and performance. A key piece of information for current and prospective investors is the bank's decision regarding dividends. For the fiscal year 2081/82, Excel Development Bank has not proposed any dividend. This decision, while potentially disappointing for income-focused shareholders, often indicates a strategic choice by the management to retain earnings for future growth, capital strengthening, or to fund significant initiatives such as the aforementioned M&A activities. In a competitive banking environment, retaining capital can be crucial for meeting regulatory requirements, expanding operations, or weathering economic uncertainties. Investors will need to weigh this decision against the bank's long-term growth prospects and strategic objectives. To be eligible to attend the 20th AGM, shareholders must be registered in the bank's books by the book closure date, which has been set for Bhadra 09, 2083. This means only shareholders holding shares up to and including Bhadra 08, 2083, will be eligible to participate in the meeting and exercise their voting rights on these critical matters. In conclusion, Excel Development Bank's 20th AGM is poised to be a significant event, not just for its routine financial endorsements but more importantly for its strategic discussions on potential mergers and acquisitions. The absence of a dividend proposal, coupled with the pursuit of M&A, suggests a period of strategic realignment and capital preservation aimed at securing the bank's future growth and competitive position within the Nepali financial sector. Investors should closely monitor the outcomes of this meeting for insights into EDBL's trajectory.
Himalayan Bank Achieves Staggering 1,041% Net Profit Growth in Q4 FY 2082/83, Driven by Reduced Impairment Charges
Himalayan Bank Limited (HBL) has announced a remarkable financial performance for the fourth quarter of the fiscal year 2082/83, reporting an astounding 1,041.16% surge in net profit. The bank's net earnings soared to Rs. 1.48 Arba, a significant leap from Rs. 12.97 Crores recorded in the corresponding quarter of the previous fiscal year. This dramatic increase positions HBL as a noteworthy performer in the banking sector, despite a complex operating environment. A deeper dive into the financial statements reveals that this impressive net profit growth was primarily propelled by a substantial reduction in impairment charges. The bank successfully lowered its impairment charges by 22.88%, bringing them down to Rs. 2.90 Arba from Rs. 3.76 Arba in the prior year. This strategic management of non-performing assets and credit risk played a pivotal role in bolstering the bottom line, effectively offsetting other areas of pressure. While the net profit figure is undeniably striking, a closer examination of other key metrics provides a more nuanced picture. The bank experienced a 15.74% decline in net interest income, which fell to Rs. 8.81 Arba from Rs. 10.46 Arba. This indicates challenges in core lending operations or interest rate spreads. Concurrently, operating profit also saw a contraction, decreasing by 23.60% to Rs. 2.63 Arba from Rs. 3.44 Arba. This suggests that while impairment charge management was effective, the underlying operational efficiency and revenue generation from core banking activities faced headwinds. Personnel expenses also rose by 6.96% to Rs. 3.66 Arba, further impacting operating margins. On the balance sheet front, Himalayan Bank demonstrated robust growth in its deposit base, which expanded by 13.72% to Rs. 3.52 Kharba from Rs. 3.09 Kharba. This indicates strong public trust and effective deposit mobilization strategies. However, loans and advances to customers experienced a marginal decline of 1.24%, settling at Rs. 2.28 Kharba from Rs. 2.31 Kharba. This slight contraction in the loan portfolio, coupled with the fall in net interest income, suggests a cautious approach to lending or perhaps a focus on asset quality over aggressive loan growth. From a capital perspective, HBL has strengthened its position. The paid-up capital increased by 4.27% to Rs. 22.58 Arba, up from Rs. 21.66 Arba. More impressively, the bank's reserves surged by an extraordinary 999.09% to Rs. 26.81 Arba from Rs. 2.44 Arba, reflecting a significant accumulation of capital. The capital adequacy ratio improved to 11.69% from 10.60%, indicating enhanced financial stability and compliance with regulatory requirements. The Non-Performing Loan (NPL) ratio also saw a marginal improvement, decreasing to 7.96% from 7.97%, suggesting a stable, albeit still elevated, asset quality. A notable positive development for the bank is the significant reduction in its cost of funds, which declined by 25% to 3.63% from 4.84%. This efficiency gain in managing funding costs will be crucial for future profitability, especially if net interest income can be stabilized or improved. For investors, the earnings per share (EPS) witnessed an impressive jump of 994.42%, reaching Rs. 6.56 from Rs. 0.60 in the previous fiscal year. Similarly, the net worth per share surged by 152.18% to Rs. 177.48 from Rs. 70.38. These metrics highlight the improved value for shareholders. At the end of the review quarter, Himalayan Bank’s share price stood at Rs. 194.50, with its price-to-earnings (P/E) ratio recorded at 29.67 times, reflecting market valuation based on the improved earnings. However, a critical point for investors to consider is the bank's retained earnings, which remained negative at Rs. 98.40 Crores, worsening from negative Rs. 88.54 Crores a year earlier. While the bank reported a substantial net profit, the negative retained earnings could pose challenges for dividend distribution in the short term, as regulatory frameworks often require positive distributable profits. This aspect warrants careful monitoring by potential and existing shareholders. In summary, Himalayan Bank's Q4 FY 2082/83 results present a mixed but largely positive outlook. The extraordinary surge in net profit, driven by effective impairment charge management and a significant reduction in the cost of funds, underscores the bank's ability to navigate financial pressures. While challenges persist in core interest income generation and operating profit, the strengthened capital base, improved capital adequacy, and robust deposit growth provide a solid foundation for future stability and growth. Investors will be keen to observe how the bank addresses its negative retained earnings and enhances its core operational profitability in the upcoming fiscal periods.
Sagar Distillery Reports Soaring Revenue Amidst Widening Losses in Q4 FY 2080/81
Sagar Distillery Limited (SAGAR) has released its unaudited financial statements for the fourth quarter of the fiscal year 2080/81, presenting a mixed financial picture for investors. While the company demonstrated remarkable growth in its top-line revenue, it simultaneously reported a significant increase in its net losses, raising questions about its operational efficiency and cost management strategies. For the fiscal year ending Ashar (mid-July) 2081, Sagar Distillery recorded a total operating income of NPR 47.63 crore. This represents an impressive 145.48% surge compared to the NPR 19.40 crore reported in the same period of the previous fiscal year. This substantial increase in operating income underscores a robust demand for the company's products and potentially effective market penetration strategies. Further dissecting the revenue streams, the company's net sales income also saw a parallel upward trajectory, climbing by 147.72% to reach NPR 20.98 crore during the review period. This strong sales performance translated into a healthy 95.79% increase in gross profit, indicating that the core business operations are generating more revenue relative to the cost of goods sold. However, the positive momentum from revenue growth did not translate into bottom-line profitability. By the close of the last fiscal year, Sagar Distillery reported a net loss of NPR 5.72 crore, a considerable widening from the NPR 3.53 crore loss incurred in the preceding fiscal year. This deterioration in net profit, despite significant revenue and gross profit growth, points to escalating operational costs that are eroding the gains made at the top line. The financial statement attributes this increase in net loss primarily to a surge in selling and distribution expenses, alongside higher financial expenses. For a distillery, selling and distribution costs can include advertising, marketing campaigns, logistics, and commissions, while financial expenses typically involve interest payments on loans. The substantial increase in these categories suggests that the company might be investing heavily in market expansion or facing higher borrowing costs, which are currently outweighing the benefits of increased sales. From an investor's perspective, the company's Earnings Per Share (EPS) stands at a negative NPR 7.89 as of Ashar end, reflecting the unprofitability. A negative EPS indicates that the company is losing money for every share outstanding, which is a critical metric for potential and existing shareholders. On a more stable note, the Net Worth Per Share was reported at NPR 119.96, suggesting that the company's assets still exceed its liabilities on a per-share basis, providing a degree of financial stability despite the losses. Sagar Distillery Limited currently operates with a paid-up capital of NPR 72.60 crore, complemented by other equity amounting to NPR 14.49 crore. This capital structure provides the foundation for its operations and future growth initiatives. While the company has clearly demonstrated its ability to significantly boost sales, the challenge now lies in effectively managing its cost structure to convert this top-line growth into sustainable profitability. Investors will be keenly watching how Sagar Distillery addresses its rising expenses to improve its bottom line in the upcoming fiscal periods.
सामसङ नेपालले सार्वजनिक गर्यो ग्यालेक्सी एआई र अझ स्मार्ट इकोसिस्टमसहित Galaxy Z Fold8 सिरिज
आठौं पुस्ताका फोल्डेबल स्मार्टफोनले अझ ठूलो एआई कार्यक्षेत्र सँगै किन्न सक्ने क्षमता, एक्सेसिबिलिटी र दिगोपनमा आधारित फाइनान्सिङ, ट्रेड-इन, कनेक्टिभिटी तथा ओम्निच्यानल कार्यक्रमहरूलाई एकीकृत गरेका छन्।सामसङ नेपालले ग्यालेक्सी जेड फोल्ड ८ अल्ट्रा, ग्यालेक्सी जेड फोल्ड ८ र ग्यालेक्सी जेड फ्लिप ८ सँगै ग्यालेक्सी वाच ९ र ग्यालेक्सी वाच अल्ट्रा२ सार्वजनिक गरेको छ। यससँगै नेपाली उपभोक्ताका लागि नयाँ पुस्ताको ग्यालेक्सी एआई अनुभव र अझ स्मार्ट ओनरशिप यात्रा प्रस्तुत गरेको छ। आठौँ पुस्तामा प्रवेश गरेको सामसङको फोल्डेबल प्ल्याटफर्मले डिजाइन, ड्यूरेबिलिटी, पोर्टेबिलिटी र सोफ्टवेअर क्षेत्रमा वर्षौँदेखि हासिल गरेको सिकाइ र सुधारलाई प्रतिबिम्बित गर्छ। ग्यालेक्सी जेड फोल्ड ८ अल्ट्रा, र ग्यालेक्सी जेड फोल्ड ८ का ठूला डिस्प्लेले एआईलाई विभिन्न काम गर्न अझ ठूलो कार्यस्थल उपलब्ध गराउँछन्, जसले प्रयोगकर्तालाई बारम्बार एप परिवर्तन नगरी समीक्षा, तुलना, सिर्जना तथा आवश्यक एक्शन लिन सहज बनाउँछ। ग्यालेक्सी जेड फ्लिप ८ लेकम्प्याक्ट फर्म फ्याक्टो मा छिटो एआई अन्तरक्रिया र रचनात्मक अभिव्यक्तिको अनुभव प्रदान गर्छ भने नयाँ ग्यालेक्सी वाच लाइनअपले कनेक्तेड स्वास्थ्य तथा वेलनेस एक्सपिरिएन्सलाई विस्तार गर्छ। यस लन्च मार्फत सामसङ नेपाललले उपभोक्ताहरूलाई प्रिमियम प्रविधिको अनुभव गराउने तरिकामा व्यापक परिवर्तनलाई पनि संकेत गर्छ। लन्च मूल्यमा मात्र केन्द्रित हुनुको सट्टा, Samsung ले सुलभता, पहुँचयोग्यता र दिगोपनालाई केन्द्रमा राख्दै कनेक्टेड ओनरशिप इकोसिस्टम निर्माण गरिरहेको छ। Affordability — प्रिमियम अनुभवलाई अझ सहज र पहुँचयोग्य बनाउँदै HFL ले ४०% डाउन पेमेन्टसहित २४ महिनाको EMI सुविधा उपलब्ध गराउँछ। साथै, योग्य उच्चस्तरीय ग्राहकहरूका लागि EMI अवधि ३६ महिनासम्म विस्तार गर्दै डाउन पेमेन्ट २०% सम्म घटाउने लक्ष्य राखिएको छ। यससँगै, ट्रेड–इन बोनसले सुरुवाती आर्थिक भार कम गर्न मद्दत गर्नेछ भने कनेक्टिभिटी सुविधा र योजनामा रहेको रेमिट्यान्ससँग जोडिएको नगद फिर्ताले स्वामित्व यात्राभरि थप मूल्य प्रदान गर्नेछ। त्यसैले, सहज स्वामित्व भनेको केवल एउटा छुट होइन—विभिन्न सुविधा र लाभहरूको एकीकृत संयोजन हो, जसले Galaxy को प्रिमियम मूल्य र अनुभवलाई कायम राख्दै यसको स्वामित्वलाई अझ सहज र व्यवस्थापनयोग्य बनाउँछ। Accessibility — Digital देखि Retail सम्म एउटै Connected Journey IMS र Him Electronics ओम्नीच्यानल सहकार्यमार्फत सामसङले डिजिटल योग्यता जाँच, सुविधा छनोट, प्रि-अर्डर, डेलिभरी र Samsung Brand Store बाट उत्पादन लिने प्रक्रियालाई एउटै सहज अनुभवमा जोड्ने लक्ष्य राखेको छ। ग्राहकले डिजिटल KYC वा रेमिट्यान्स प्रमाणीकरणदेखि खरिद र उत्पादन प्राप्तिसम्म, सबै माध्यममा समान जानकारी र स्वीकृत सुविधासहित सहज रूपमा प्रक्रिया पूरा गर्न सक्नेछन्। Sustainability — पहिलो Owner पछि पनि Value सुरक्षित राख्दै ट्रेड–इनका लागि योग्य उपकरणहरूलाई Apkudo र स्थानीय साझेदारहरूको सहकार्यमा व्यवस्थित रूपमा परीक्षण, मूल्याङ्कन तथा प्रशोधन गर्न सकिन्छ। उपयुक्त अवस्थामा पुराना उपकरणलाई पुनः मर्मत गरी पुनः प्रयोगमा ल्याउन सकिन्छ। यसले ग्राहकलाई आफ्नो पुरानो उपकरणबाट उचित मूल्य प्राप्त गर्न सहयोग गर्नुका साथै उपकरणको आयु बढाउने, विश्वसनीय पुनःप्रयोग बजार विकास गर्ने र e-waste घटाउने दिशामा योगदान पुर्याउँछ। One Partner Ecosystem — फरक क्षमता, एउटै Customer Experience सामसङले HFL, eSewa, Ncell, Apkudo, आफ्नो remittance partner, IMS तथा Him Electronics लाई एउटै ecosystem मा जोड्दै financing, connectivity, trade-in, rewards तथा omnichannel execution लाई छुट्टाछुट्टै promotion नभई एउटै system का रूपमा काम गराउने लक्ष्य राखेको छ। प्रत्येक partner ले ownership journey मा रहेको फरक अवरोधलाई हटाउन सहयोग गर्छ भने Samsung को भूमिका यी सबै क्षमतालाई जोडेर एउटा विश्वासिलो Galaxy ownership experience निर्माण गर्नु हो। यो ownership ecosystem Samsung को नेपालप्रतिको व्यापक प्रतिबद्धतामा आधारित छ। Him Electronics सँगको सहकार्यमा Samsung ले स्थानीय television production लाई सहयोग गर्दै आएको छ भने Samsung Innovation Campus ले विश्वव्यापी CSR vision “Together for Tomorrow! Enabling People.” अन्तर्गत नेपाली युवालाई coding, programming तथा AI क्षेत्रमा भविष्यका लागि आवश्यक सीप विकास गर्न सहयोग गर्छ। सामसङको लक्ष्य नेपाललाई केवल product बिक्री हुने market का रूपमा मात्र नभई क्षमता, सीप र अवसर निर्माण गर्न योगदान पुर्याउने स्थानका रूपमा पनि अघि बढाउनु हो। “परम्परागत स्मार्टफोनले एआईलाई एउटा झ्याल दिन्छ भने, फोल्डेबलले एआईलाई एउटा कार्यस्थल दिन्छ।” “नयाँ Galaxy Z सिरिजमार्फत हाम्रो उद्देश्य नेपालमा प्रिमियम प्रविधि भित्र्याउनु मात्र होइन, सम्पूर्ण स्वामित्व यात्रालाई अझ स्मार्ट बनाउनु हो। अफोर्डेबिलिटी भनेको केवल एउटा छुट होइन; यो विभिन्न सुविधा र लाभहरूको एकीकृत संयोजन हो। एक्सेसिबिलिटी भनेको ग्राहकले आफ्नो योग्यता जाँचदेखि खरिद र उत्पादन प्राप्तिसम्मको प्रक्रिया अझ सहज रूपमा पूरा गर्न सक्नु हो। सस्टेनेबिलिटी भनेको पहिलो ग्राहकपछि पनि उत्पादनको मूल्य र उपयोगितालाई कायम राख्नु हो। हाम्रा साझेदारहरूसँगको सहकार्यमा, हामी Galaxy को नवीन प्रविधिमार्फत नेपालका ग्राहकहरूका लागि थप विकल्प, दीर्घकालीन मूल्य र नयाँ सम्भावनाहरू सिर्जना गर्न चाहन्छौँ।” सामसङ नेपालका म्यानेजिङ्ग डिरेक्टर Mr. Chang Uk Jung ले बताए। Pre-order अगस्ट १३, २०२६ देखि खुला — Stock उपलब्ध रहुन्जेल Samsung Nepal ले नयाँ Galaxy Z series का लागि VIP र Normal Pre-order Package घोषणा गरेको छ। हालका package विवरण यसप्रकार छन्: VIP प्रि-अर्डर प्याकेज — रु. ६८,००० सम्मका लाभहरू लाभ एनसेलको अनलिमिटेड डेटा तथा भ्वाइस प्याक २ वर्षका लागि निःशुल्क रु. १५,००० सम्मको एक्सचेन्ज बोनस Galaxy Watch9 वा Watch Ultra2 मा रु. १०,००० छुट Google AI Pro ६ महिनाका लागि निःशुल्क — रु. १८,३५१ सम्मको बचत निःशुल्क फोन कभर २ वर्षको थप वारेन्टी — शुल्क लाग्नेछ सामान्य प्रि-अर्डर प्याकेज — रु. ५८,००० सम्मका लाभहरू लाभ एनसेलको अनलिमिटेड डेटा तथा भ्वाइस प्याक २ वर्षका लागि निःशुल्क रु. १५,००० सम्मको एक्सचेन्ज बोनस Google AI Pro ६ महिनाका लागि निःशुल्क — रु. १८,३५१ सम्मको बचत निःशुल्क फोन कभर २ वर्षको थप वारेन्टी — शुल्क लाग्नेछ अनलाइन प्रि-अर्डर: सामसङ कुमारी बैंक लिमिटेडले गत आर्थिक वर्षको चौथो त्रैमाससम्मको अपरिष्कृत वित्तीय विवरण प्रकाशित गरेको छ। विवरण अनुसार बैंकले सो अवधिसम्ममा करिब साढे ७ अर्ब रुपैयाँ खुद नाफा कमाएको छ।
Prime Commercial Bank Shines in Q4 FY 2082/83: Net Profit Jumps 28.49% Amidst Reduced Impairment Charges
Prime Commercial Bank Limited (PCBL) has concluded the fourth quarter of the fiscal year 2082/83 with a robust financial performance, reporting a significant 28.49% surge in net profit. The bank's net profit reached an impressive Rs. 4.11 Arba, a substantial increase from Rs. 3.20 Arba recorded in the corresponding quarter of the previous fiscal year. This strong growth underscores PCBL's strategic financial management and operational resilience in a dynamic market. A key driver behind this impressive profitability was a remarkable 36.06% reduction in impairment charges, which fell to Rs. 1.74 Arba from Rs. 2.72 Arba. This substantial decline suggests improved asset quality management, better recovery efforts, or a more stable economic environment reducing the need for extensive provisioning. This directly contributed to the bank's bottom line, bolstering investor confidence. Beyond net profit, PCBL demonstrated strong operational efficiency, with its operating profit soaring by 26.94% to Rs. 6.83 Arba, up from Rs. 5.38 Arba in the previous fiscal year. This indicates healthy core business operations and effective cost management. The bank's net interest income also saw a modest but steady increase of 3.30%, reaching Rs. 9.21 Arba, reflecting consistent earnings from its primary lending activities. The bank's balance sheet reflects a solid foundation for future growth. Paid-up capital expanded by 8% to Rs. 20.95 Arba from Rs. 19.40 Arba, while retained earnings grew by 10.05% to Rs. 1.91 Arba. Furthermore, reserves witnessed a healthy 18.90% increase, reaching Rs. 13.98 Arba. These capital enhancements provide PCBL with greater financial stability and capacity for expansion, ensuring compliance with regulatory requirements and supporting future dividend distributions. In terms of business expansion, Prime Commercial Bank continued to grow its core operations. Deposits increased by 5.46% to Rs. 2.78 Kharba from Rs. 2.63 Kharba a year earlier, demonstrating sustained public trust and effective deposit mobilization strategies. Concurrently, loans and advances grew by 8.29% to Rs. 2.26 Kharba from Rs. 2.09 Kharba, indicating a healthy appetite for credit and successful deployment of funds into productive sectors of the economy. An important highlight in operational efficiency is the significant decline in the cost of funds, which dropped by 26.87% to 3.81% from 5.21%. This reduction indicates that the bank is acquiring funds at a lower cost, directly enhancing its interest margins and overall profitability. While personnel expenses increased by 6.80% to Rs. 2.45 Arba, this is a manageable rise often associated with business growth and talent retention. However, the report also presents a mixed picture regarding asset quality. Despite the reduction in impairment charges, the non-performing loan (NPL) ratio increased to 6.69% from 5.81%. This rise in NPLs warrants careful monitoring, as it suggests that a larger proportion of the bank's loan portfolio is facing repayment challenges. While the lower impairment charges might signal confidence in future recoveries or a slowdown in the *rate* of new NPL formation, the absolute increase in the NPL ratio remains a point of consideration for investors. On a positive note, the capital adequacy ratio improved to 12.87% from 11.33%, providing a stronger buffer against potential credit risks. For shareholders, the bank's performance translates into tangible value. Earnings per share (EPS) increased by 18.97% to Rs. 19.63 from Rs. 16.50, reflecting enhanced profitability per share. Net worth per share also saw a healthy increase of 3.71% to Rs. 175.80 from Rs. 169.52, indicating growth in the intrinsic value of the bank's equity. At the end of the review quarter, PCBL's share price stood at Rs. 239.90, with a price-to-earnings (P/E) ratio recorded at 12.22 times, offering investors a snapshot of its market valuation relative to its earnings. Overall, Prime Commercial Bank's Q4 FY 2082/83 results paint a picture of strong financial health, driven by robust profit growth, improved operational efficiency, and a solid capital base. While the rise in NPLs presents a challenge to monitor, the significant reduction in impairment charges and improved capital adequacy demonstrate the bank's proactive approach to risk management and its commitment to delivering value to its stakeholders.
Prabhu Mahalaxmi Life Insurance Navigates Growth: Modest Profit Increase Contrasts with Diluted Earnings Per Share in Q4 FY 2080/81
Prabhu Mahalaxmi Life Insurance Limited (PMLI) has released its unaudited financial results for the fourth quarter of the fiscal year 2080/81, presenting a mixed financial picture for investors. While the company recorded a modest increase in its net profit, a closer look reveals a decline in earnings per share (EPS), a critical metric for assessing shareholder value. This performance underscores the ongoing dynamics within Nepal's competitive life insurance sector, particularly for entities that have recently undergone significant capital restructuring. For the fiscal year ending Ashar 2081, PMLI reported a net profit of NPR 375.5 million. This represents a slight increase of 1.31% compared to the NPR 370.7 million earned in the corresponding period of the previous fiscal year. This marginal growth in absolute profit, despite a robust expansion in business operations, indicates that the company is navigating a period of consolidation and increased operational costs following its merger. Investors will be keen to see if this modest profit growth can accelerate in the coming fiscal periods as the benefits of the merger fully materialize. The company demonstrated strong operational growth on the revenue front. Its net earned premium, a key indicator of an insurance company's core business performance, surged by an impressive 20.97% during the review period. Concurrently, the total income of the insurance company also saw a healthy rise of 13.63%. These figures suggest that PMLI has been successful in expanding its policyholder base and generating more business, which is a positive sign for its long-term market position and revenue-generating capabilities. However, this growth in income was accompanied by a proportional increase in expenses. Total claim payments, reflecting the company's obligations to policyholders, rose by 14.21%. Similarly, total expenses, encompassing administrative and operational costs, increased by 14.36%. Managing these rising costs effectively will be crucial for PMLI to translate its top-line growth into more substantial bottom-line profits in the future. The balance between aggressive market expansion and prudent cost control remains a key challenge for all players in the insurance industry. Perhaps the most significant takeaway for investors is the decline in earnings per share (EPS). Despite the increase in net profit, PMLI's EPS decreased by 19 paisa, settling at NPR 7.08 for the period, down from NPR 7.27 in the previous fiscal year. This dilution in EPS, even with higher net profit, is typically a consequence of an increase in the company's paid-up capital. In the context of the Nepali insurance sector, this often occurs due to mergers (Prabhu Life Insurance and Mahalaxmi Life Insurance merged to form PMLI) or the issuance of rights shares to meet regulatory capital requirements. While capital expansion strengthens the company's financial base and capacity to underwrite more policies, it simultaneously spreads the total earnings over a larger number of shares, thereby reducing the earnings attributable to each share. Investors will need to weigh the long-term benefits of a stronger capital base against the immediate impact of diluted per-share earnings. Further insights into PMLI's financial health can be gleaned from other key metrics. As of Ashar end, the company's net worth per share stood at NPR 116.58, providing a measure of the company's intrinsic value per share. The price-to-earnings (P/E) ratio was reported at 61.20 times. A P/E ratio of this magnitude often suggests that the market has high growth expectations for the company, or it could indicate that the stock is trading at a premium relative to its current earnings. Investors should compare this ratio with industry averages and the company's growth prospects to make informed decisions. The company's capital structure reflects its robust financial foundation. With a paid-up capital of NPR 5.3077 billion, PMLI is well-capitalized. It also holds a share premium of NPR 19.3 million, a catastrophe fund of NPR 148.5 million to cover unforeseen large-scale claims, retained earnings of NPR 428.2 million, and other equity amounting to NPR 283.7 million. These reserves are vital for an insurance company's stability and its ability to meet future obligations and support expansion initiatives. In conclusion, Prabhu Mahalaxmi Life Insurance Limited's Q4 FY 2080/81 results paint a picture of a company in transition, demonstrating strong top-line growth but facing the challenges of integrating operations and managing a larger capital base. While the increase in net earned premium is encouraging, the diluted EPS highlights the need for accelerated profit growth to deliver enhanced shareholder value. Investors will be closely watching PMLI's strategies to leverage its expanded capital and market presence to improve per-share profitability in the upcoming fiscal years.
KOSPI's Volatility: Crucial Lessons for Nepali Investors in Bull Markets
The South Korean stock market, KOSPI, has recently experienced a period of intense volatility, offering invaluable lessons for retail investors worldwide, including those in Nepal. While the specific economic and market structures of South Korea and Nepal differ significantly, the underlying human psychology driving investment decisions remains remarkably consistent across borders. The KOSPI's recent journey from record highs, through a sharp correction, and into a subsequent rebound, provides a compelling case study on the perils and pitfalls of market participation, particularly for those entering during a bull market frenzy. In mid-June, the KOSPI index soared to an all-time high of 9,385.59 points. This peak was followed by a precipitous decline, with the market shedding approximately 40% of its value by the end of July, settling around the 5,500-point mark. However, the market then staged a dramatic recovery, with the KOSPI surging by nearly 18% on July 31st alone, and climbing approximately 22% from its July lows by mid-August. Yet, the most profound narrative embedded within this rollercoaster ride is not merely the fluctuation of the index itself, but rather the revealing behavior of investors caught in its grip. During the KOSPI's rapid ascent, retail investors aggressively poured capital into the market. In June alone, they invested an astounding 42.4 trillion Korean Won into KOSPI shares. Their enthusiasm remained undeterred even as the market began its descent in July, with an additional 13.2 trillion Won in purchases by mid-July. This period also saw a significant surge in margin borrowing, with retail investors' margin loans reaching approximately 28 trillion Won, nearing the record high of 29.8 trillion Won observed just weeks prior. This indicated a growing appetite for risk, where borrowing to invest in a rising market seemed like a straightforward path to amplified gains. However, when the market's direction reversed, this very leverage transformed into a significant liability. Reports indicated that over 1.2 million leveraged retail accounts faced margin calls, with estimates suggesting that brokers were forced to liquidate shares in hundreds of thousands of these accounts. This scenario starkly reaffirmed an age-old market adage: investors who are heavily leveraged cannot afford the luxury of patience during a downturn. They are compelled to sell, often at the worst possible time, turning a normal market correction into a cascade of forced selling that exacerbates the decline. The KOSPI's subsequent rebound offered an even more critical insight. On July 31st, the day the index surged by nearly 18%, retail investors were net sellers, offloading approximately 8.25 trillion Won worth of shares. In stark contrast, foreign investors were significant net buyers, acquiring around 7.22 trillion Won. This divergence highlights a crucial psychological disconnect: while the market index recovered, the recovery of retail investor portfolios was often a different story. Many retail investors, having faced substantial losses or margin calls, were either cutting their losses, securing minimal profits, or simply too traumatized to re-enter the market's rebound. Those who had been forced to sell during the downturn completely missed the opportunity to participate in the recovery. While the KOSPI and NEPSE operate in distinct economic and regulatory environments, the core psychological principles governing investor behavior remain universal. The Fear Of Missing Out (FOMO) intensifies during bull markets, leading investors to increase their exposure, often with borrowed funds, convinced that the market will continue its upward trajectory indefinitely. However, when the market turns, profits quickly transform into losses, fear sets in, and the burden of debt becomes overwhelming. This often culminates in investors being forced to liquidate their holdings at the market's nadir, only to watch from the sidelines as the market eventually recovers. The KOSPI experience also prompts a fundamental question: who truly benefits most from a bull market – the late-entering retail investor or the disciplined, often institutional, investor? While a definitive answer cannot be solely derived from trading data, it is clear that investors who enter with high leverage during the final stages of a bull run and are subsequently hit by margin calls during the first significant correction are unlikely to reap the full benefits. Conversely, investors who maintain liquidity and discipline during market exuberance are often positioned to capitalize on opportunities when prices become attractive during a downturn. Ultimately, the KOSPI's narrative serves not just as a story of the Korean stock market, but as a mirror reflecting universal investor behavior. The interplay of greed during a market rally, fear during a downturn, and the compulsion driven by debt can transform a bull market from an opportunity for wealth creation into a trap. Therefore, for Nepali investors contemplating the next bull run, the critical question should not merely be, "How much higher will NEPSE go?" but rather, "How long can I sustain if the market falls?" Answering this question with self-awareness and a robust risk management strategy is paramount to navigating the complexities of the stock market successfully and avoiding the common pitfalls that can turn potential gains into significant losses.
Citizens Bank’s Net Profit Surges 63.05% to Rs. 2.09 Arba, EPS Jumps 55.29% to Rs. 13.53
Citizens Bank International Limited (CZBIL) has reported a 63.05% increase in net profit in the fourth quarter of fiscal year 2082/83, with profit rising to Rs. 2.098 Arba from Rs. 1.29 Arba in the corresponding quarter of the previous fiscal year. The bank’s paid-up capital increased by 5% to Rs. 15.50 Arba from Rs. 14.76 Arba a year earlier. Retained earnings, however, declined 32.78% to Rs. 52.31 Crores from Rs. 77.81 Crores. Meanwhile, reserves increased by 19.74% to Rs. 8.86 Arba. Citizens Bank’s customer deposits grew 9.57% to Rs. 2.31 Kharba from Rs. 2.11 Kharba in Q4 FY 2081/82. Loans and advances increased marginally by 0.76% to Rs. 1.70 Kharba, compared to Rs. 1.68 Kharba in the previous fiscal year. The bank’s net interest income declined slightly by 1.90% to Rs. 6.29 Arba from Rs. 6.41 Arba. Personnel expenses increased 20.13% to Rs. 2.44 Arba. Impairment charges declined by 69.05% to Rs. 82.93 Crores from Rs. 2.68 Arba a year earlier. The lower impairment provision supported a significant improvement in operating performance, with operating profit surging 81.26% to Rs. 3.60 Arba from Rs. 1.99 Arba. The bank’s capital adequacy ratio remained unchanged at 12.47%. However, its non-performing loan (NPL) ratio increased to 5.88% from 4.89%, indicating a rise in non-performing assets. The cost of funds declined significantly by 25.17% to 3.36% from 4.49% in the previous fiscal year, reflecting a reduction in the bank’s funding costs. Citizens Bank’s earnings per share (EPS) increased 55.29% to Rs. 13.53 from Rs. 8.71. Net worth per share rose 3.31% to Rs. 160.51 from Rs. 155.38. At the end of the quarter, the bank’s price-to-earnings (P/E) ratio stood at 14.55 times, while its quarter-end market price was recorded at Rs. 196.90 per share. Report: Major Financial Highlights: Particulars (In Rs '000) Citizens Bank International Limited Q4 2082/83 Q4 2081/82 Difference Paid Up Capital 15,507,463.61 14,769,012.97 5.00% Share Premium 0.00 0.00 Retained Earnings 523,101.77 778,168.99 -32.78% Reserves 8,861,081.47 7,400,531.83 19.74% Deposit 231,731,236.98 211,500,793.31 9.57% Loans & Advances 170,141,196.73 168,860,738.13 0.76% Net Interest Income 6,293,653.95 6,415,406.70 -1.90% Personnel Expenses -2,445,331.34 -2,035,651.71 20.13% Impairment Charges -829,361.78 -2,680,009.41 -69.05% Operating Profit 3,601,536.40 1,986,918.49 81.26% Net Profit 2,098,603.03 1,287,075.11 63.05% Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments 523,101.77 778,168.99 - Capital Adequacy (%) 12.47 12.47 0.00% NPL (%) 5.88 4.89 Cost of Fund (%) 3.36 4.49 -25.17% EPS (In Rs.) 13.53 8.71 55.29% Net Worth per Share (In Rs.) 160.51 155.38 3.31% Qtr end PE Ratio (times) 14.55 - - Qtr End Market Price 196.9 - -
Nepal Investment Mega Bank Assures Legal Proceedings Against Top Officials Will Not Affect Banking Operations
Nepal Investment Mega Bank Limited (NIMB) has expressed serious concern over the filing of a case against the bank’s Chairperson, directors, and Chief Executive Officer (CEO) in connection with the bank’s regular activities carried out in accordance with prevailing laws, regulatory provisions, and established banking practices. Issuing a statement, the bank said the legal development has not caused any disruption to its regular banking operations, customer services, or day-to-day activities. It further assured customers and stakeholders that the bank’s leadership and management remain in place and that all services will continue to operate normally, securely, and without interruption. The bank stated that it remains focused on maintaining the institution’s strength, safeguarding the interests of its customers, and ensuring the stability of the overall banking system. NIMB also called for necessary coordination and support from the concerned authorities to maintain public confidence in the banking system, employee morale, and financial stability. The bank urged its customers, depositors, shareholders, and other stakeholders not to form opinions based on unverified reports or speculation concerning the institution. It requested them to rely only on official information when assessing developments related to the bank. The bank also expressed gratitude to its depositors, customers, shareholders, and other stakeholders for their continued trust and goodwill, while requesting their continued support and cooperation. https://www.sharesansar.com/newsdetail/nimb-smart-telecom-case-raises-questions-over-police-and-nrbs-banking-jurisdiction-2026-08-12
Nepal's Higher Purchase Sector: Hulas Finserv CEO Reveals NPR 40 Billion Loan Portfolio, 80% Towards Mobility
In a significant address at the 'Mobilizing Mobility Through Finance & Insurance' program, organized by the Nepal Automobile Importers and Manufacturers Association (NAIMA), Samir Thakur, Chief Executive Officer of Hulas Finserv Higher Purchase Company, shed light on the pivotal role and operational dynamics of higher purchase companies within Nepal's burgeoning financial landscape. His insights underscored the sector's critical contribution to consumer finance, particularly in facilitating access to essential goods for segments underserved by traditional banking institutions. Thakur highlighted that the Nepal Rastra Bank (NRB), the country's central bank, has meticulously delineated the specific sectors where higher purchase companies are authorized to extend credit. This regulatory framework ensures that these specialized financial entities operate within defined boundaries, primarily focusing on asset-backed lending. According to Thakur, higher purchase companies are actively providing loans for a diverse range of products, including vehicles, mobile phones, and various household goods, thereby catering to a broad spectrum of consumer needs. "Our primary objective is to serve customers who often find it challenging to access credit from conventional banks," Thakur stated. He elaborated that the core mission of these companies is to provide smaller, more accessible loans to individuals and households that might not meet the stringent eligibility criteria of commercial banks, or who simply require quicker, less bureaucratic financing solutions. This focus on micro-lending and consumer durables positions higher purchase companies as crucial intermediaries in fostering economic inclusion and stimulating consumer spending. Remarkably, Thakur revealed the substantial scale of operations within the higher purchase sector. He disclosed that these companies collectively have disbursed an impressive NPR 40 billion in loans to date. This significant figure underscores the sector's growing influence and its capacity to inject substantial liquidity into the consumer market. Furthermore, he provided a detailed breakdown of the recent loan distribution, indicating a strong emphasis on mobility and communication. "Recently, 80 percent of our disbursed loans have been allocated for vehicles, while 20 percent have gone towards mobile phones," Thakur informed the audience. This distribution highlights the increasing demand for personal transportation and digital connectivity in Nepal, and the role of higher purchase firms in meeting these evolving consumer aspirations. One of the key competitive advantages of higher purchase companies, as emphasized by Thakur, is their unparalleled efficiency in loan processing. Unlike the often lengthy and complex procedures associated with traditional bank loans, these specialized firms are capable of disbursing loans within a matter of hours. This rapid turnaround time is particularly appealing to customers seeking immediate financing solutions, further solidifying the sector's position as a preferred choice for quick and convenient credit. Thakur also noted that these companies extend their services even to individuals who have completed bank procedures, suggesting a complementary role in the broader financial ecosystem, potentially offering alternative or supplementary financing options. In conclusion, the statements from Hulas Finserv's CEO paint a clear picture of a dynamic and essential financial sector. Higher purchase companies in Nepal are not merely credit providers; they are facilitators of economic growth, bridging financial gaps for underserved populations, and driving consumer access to vital goods. With a substantial loan portfolio and a commitment to efficiency, the sector is poised to continue its significant contribution to Nepal's economic development, particularly in the ever-expanding markets for vehicles and mobile technology.
Chilime Hydropower Company Limited (CHCL): An Eleven-Year Financial Performance Review (Q4 2072/73 - Q4 2082/83)
Company’s Short Background Chilime Hydropower Company Limited (Chilime) was incorporated in 1995 with the objective of generating hydroelectricity through the optimal utilization of resources within the country. Nepal Electricity Authority (NEA) holds a majority ownership with a 51% shareholding. The remaining 49% shareholding is held by the public, including 10% equity ownership by local people. Chilime owns and operates a 22.1 MW power plant, commissioned on August 25, 2003, and located in Rasuwa District, 133 km north of the capital city, Kathmandu. It sells bulk electricity to NEA at a long-term PPA price. The annual energy generation from the plant is about 150 GWh. Share Capital and Share Issuance Arrangement At the time of the company’s establishment, an amount was collected from the Nepal Electricity Authority (NEA) as share capital. At that time, the company received Rs. 48.96 crore against 48 lakh 96 thousand shares. Subsequently, in the second phase, in 2063 B.S., the company issued shares to the company itself, NEA employees, former employees, and directors, equivalent to 25%, or 24 lakh shares, and collected Rs. 24 crore. Thereafter, in the third phase, shares were issued to project-affected local residents and the public. In this phase, the company issued 1 lakh 80 thousand shares at Rs. 100 per share to local residents, while the remaining 15 lakh 69 thousand 600 shares were issued at a premium price, generating the corresponding share capital. The company has so far distributed bonus shares equivalent to 9.15 times. Balance Sheet Assets 1. Property, Plant & Equipment - Net Block (Net Fixed Assets) The net block stood at Rs. 7.43 billion in the initial period and gradually increased to Rs. 12.06 billion. Overall, net fixed assets increased by approximately Rs. 4.63 billion, or 62.35%, over the review period. 2. Investments Investments remained the highest component of the company’s total assets. CHCL’s investment had not started until the base year taken for this study, Q4 2072/73. The company suddenly started investing a high value of Rs. 5.74 billion, which then increased to Rs. 6.59 billion. The investment portfolio of CHCL seemed to be in an increasing trend. 3. Total Current Assets Total current assets show an increasing trend. The latest figure represents a significantly liquid position. Current assets of CHCL are around 26 times higher than current liabilities. Now, it would be better to invest or utilize these funds to generate returns. Current assets increased by approximately three times from the base year. Liabilities 1. Sources of Fund/Capital & Liabilities The company’s total sources of funds increased from approximately Rs. 7.43 billion to Rs. 12.06 billion, representing an increment of around 62.35%. The increment in total funds appears to be largely associated with the increase in share capital. 2. Paid-Up Capital Paid-up capital is in an increasing trend because of the dividends distributed by CHCL. As of the initial year, Q4 2072/73, taken for the study, paid-up capital stood at Rs. 3.13 billion and increased by an average of 12% annually. 3. Reserve & Surplus The reserve and surplus position shows one of the most notable changes. The company initially had a strong reserve position, meaning accumulated retained earnings. It then continuously used the reserve to distribute dividends, causing the reserves to erode over the period. The reserve of CHCL was Rs. 4.98 billion as of Q4 2074/75, which declined to Rs. 2.26 billion as of Q4 2082/83. 4. Loans & Long-Term Liabilities CHCL has used negligible loans and long-term liabilities. CHCL keeps loans below around Rs. 40 crore. This is a minimal portion of its capital funds. In simple terms, the company is not dependent on borrowed money. 5. Total Current Liabilities Investments remained relatively strong compared with the company’s total assets.They increased by approximately Rs. 850.10 million throughout the period. Profit and Loss Account 1. Operating Income Operating income increased from Rs. 1.24 billion in the initial period to Rs. 1.33 billion in the latest reported period. This represents an increase of approximately 7.33%. The growth in operating income was primarily driven by income from other sources. Income from electricity remained relatively stable. As of Q4 2072/73, income from sales of electricity was Rs. 1.163 billion, and as of Q4 2082/83, it remained almost the same at Rs. 1.167 billion. At the same time, income from other sources increased from Rs. 77.24 million to Rs. 163.78 million, almost doubling during the period. This indicates that CHCL’s return from investments is in an increasing trend. 2. Income from Sales of Electricity Income from sales of electricity is the primary source of revenue for the company and provides a clear indication of the operating performance of its hydropower project. The company’s electricity sales have remained strongly stable over the review period. 3. Operating Expenses and Non-Operating Expenses Operating expenses have generally seemed under control. Meanwhile, they are in an increasing trend. Excluding the initial figure, operating expenses increased from Rs. 186.04 million to Rs. 339.30 million over the reviewed period. Non-operating expenses of CHCL seemed to be increasing exponentially. As of Q4 2072/73, they stood at Rs. 12.43 million and increased to Rs. 272.05 million as of Q4 2082/83. This is because the depreciation rate of property, plant and equipment is on the higher side as the project gets older. The other component of non-operating expenses, i.e., financial expenses, is nil. 4. Net Profit The company reported a net profit of Rs. 929.98 million in Q4 2072/73. The company then earned its highest profit of Rs. 966.31 million in 2073/74. Afterward, CHCL’s net profit seemed to be in a declining trend. CHCL earned a net profit of Rs. 720.05 million as of Q4 2082/83. Major Indicators 1. Net Worth per Share (Rs.) Net worth per share of CHCL peaked at Rs. 234.36 in Q4 2073/74 and then kept falling to Rs. 123.9 in Q4 2082/83. This is because the company distributed dividends from reserve funds. 2. Earnings per Share (EPS Annualized - Rs.) EPS showed a similar pattern to NWPS. The company’s EPS peaked in Q4 2072/73 by achieving an EPS of Rs. 29.67 and then continuously declined to Rs. 7.59. This is because CHCL capitalized reserves and earnings by distributing stock dividends and reducing them through cash dividends, while earnings did not increase due to the limited fixed PPA and power generation. 3. Debt - Equity Ratio The Debt - Equity ratio compares total liabilities to shareholders’ equity and indicates how much a company is leveraged. CHCL seems to use negligible debt and has not taken on any significant debt-related burden. 4. Current Ratio The current ratio is a liquidity ratio that measures whether a company has enough current assets to cover its short-term liabilities. CHCL has excess short-term capital to cover its short-term liabilities. 5. Return on Equity (ROE) ROE shows how efficiently a company generates profit from shareholders’ money. The company’s ROE was 12.36% in Q4 2072/73. It then gradually fell until Q4 2081/82, reaching 5.73%, before rebounding to 12.88% as of Q4 2082/83. 6. Return on Assets (ROA) ROA measures how effectively the company uses its total assets to generate profit. The company’s ROA was 12.66% as of Q4 2072/73 and kept declining to 5.93% as of Q4 2081/82. The latest ROA of 6.13% represents a marginal rebound in Q4 2082/83.Data Source: The data used in this article has been obtained from SS Pro by ShareSansar.
Nepal Rastra Bank Unveils Revised Subsidized Loan Framework: Boosting Agriculture with NPR 5 Crore and Startups with NPR 25 Lakh
Nepal Rastra Bank (NRB), the central bank of Nepal, has announced a significant revision to its 'Interest Subsidy for Subsidized Loans Procedure, 2082', marking a pivotal step towards bolstering key economic sectors and promoting financial inclusion. This first amendment, approved by the Ministry of Finance, mandates all A, B, C, and D class banks and financial institutions (BFIs) to channel subsidized credit to designated beneficiaries across eight critical areas, signaling a renewed governmental push for targeted economic development. The updated framework introduces enhanced loan limits and streamlined access for various segments of the population. Notably, commercial agriculture and livestock enterprises can now avail loans up to an impressive NPR 5 crore, a move designed to stimulate growth in Nepal's foundational agricultural sector, which remains a cornerstone of the national economy. This substantial increase aims to empower farmers and agribusinesses to invest in modernization, expansion, and improved productivity, ultimately contributing to food security and rural prosperity. Beyond agriculture, the revised procedure extends crucial support to emerging businesses and vulnerable communities. Startup enterprises and women entrepreneurs are now eligible for subsidized loans of up to NPR 25 lakh each, fostering an environment conducive to innovation and gender-inclusive economic participation. For educated youth seeking self-employment and Nepalis returning from foreign employment, a limit of NPR 20 lakh each has been set. This initiative is particularly vital for leveraging the skills and capital brought back by returnee migrants, integrating them into the domestic economy, and addressing youth unemployment. Furthermore, Dalit community business development loans are capped at NPR 20 lakh, promoting equitable economic opportunities. The framework also allocates NPR 50 lakh for boiler replacement in industries, encouraging industrial modernization, and NPR 5 lakh for private housing construction for natural disaster victims, providing essential relief and reconstruction support. A key feature of this revised procedure is the cap on interest rates, ensuring affordability for borrowers. BFIs are restricted from adding more than 1.5% to their base rate for these subsidized loans. Complementing this, the Government of Nepal will provide an annual interest subsidy of 3%, significantly reducing the financial burden on beneficiaries. This subsidy facility is available for a maximum period of five years, offering a substantial window for businesses to stabilize and grow. Eligibility criteria are clear: applicants must be Nepali citizens aged 18 or above, possess a Permanent Account Number (PAN), and must not be blacklisted by the Credit Information Bureau, ensuring responsible lending practices. To prevent misuse and ensure equitable distribution, the procedure explicitly states that only one member per family can avail of this subsidy. This measure aims to broaden the reach of the program and prevent concentration of benefits. Moreover, for loans up to NPR 15 lakh, the government will generously cover 50% of both the loan security fee and commercial insurance premium, further easing the financial strain on small-scale borrowers. Specific conditions apply to youth returning from foreign employment, requiring them to have worked abroad for at least six months and not hold permanent residency in any foreign country, reinforcing the program's focus on domestic economic integration. The NRB has also put in place robust monitoring and coordination mechanisms. Concerned BFIs are tasked with the crucial responsibility of regularly monitoring the utilization of these loans. Any proven instance of loan misuse will result in the immediate cessation of interest subsidy benefits, with all previously received subsidy amounts, along with accrued interest, being recovered. To ensure effective implementation and seamless coordination, a central steering committee and an implementation committee have been established, comprising representatives from both the Ministry of Finance and Nepal Rastra Bank. This comprehensive approach underscores the government's commitment to not only providing financial assistance but also ensuring its judicious and impactful deployment across the nation. This revised framework is expected to play a crucial role in stimulating economic activity, fostering entrepreneurship, and supporting vulnerable populations, aligning with Nepal's broader goals of sustainable development and inclusive growth.
Nepal Cracks Down on Middlemen in Government Offices, Launches Free Citizen Assistance
Nepal is embarking on a significant administrative reform aimed at enhancing public service delivery and eradicating the long-standing issue of unauthorized middlemen in government offices. The Prime Minister and Council of Ministers’ Office has issued the ‘Government Office Application Format and Implementation Guidelines, 2083,’ a landmark directive designed to streamline bureaucratic processes, embrace technological advancements, and substantially reduce the time, effort, and financial burden on citizens. This crucial mandate is set to be uniformly implemented across all federal, provincial, and local government bodies, signaling a nationwide commitment to improved governance. For years, citizens navigating Nepal's public sector have often found themselves reliant on informal intermediaries, or "middlemen," who, for a fee or sometimes even without, would assist in preparing applications, filling forms, organizing documents, or facilitating service acquisition. This system, while sometimes perceived as a shortcut, frequently led to exploitation, increased costs, and a lack of transparency, fostering an environment ripe for corruption and inefficiency. The new guidelines directly address this systemic issue by imposing a complete ban on any individual or organization engaging in such unauthorized facilitation, whether paid or unpaid, within or around government premises. A cornerstone of this reform is the mandatory establishment of 'Service Recipient Assistance Desks' in every government office. These desks are designed to provide free and comprehensive support to citizens who may struggle with filling out forms or understanding the necessary procedures. This initiative ensures that access to public services is equitable and not contingent on one's ability to pay for external help. Furthermore, the guidelines explicitly prohibit government employees from recommending or compelling service recipients to engage with specific individuals, organizations, or service providers, except where legally mandated. This measure aims to dismantle any internal links that might perpetuate the middleman culture and ensure that all interactions are transparent and above board. To further discourage unauthorized mediation, relevant offices are now required to implement necessary managerial and security measures. This proactive approach seeks to create an environment where citizens can directly access services without external interference. In a move towards greater accessibility and cost-efficiency, government offices will also be obliged to provide application formats free of charge. While a certain number of formats will be freely available, a nominal fee may be levied for bulk requests to prevent misuse. Embracing the digital age, the guidelines also stipulate the provision of 'self-help services.' This includes installing computers or digital kiosks within offices, enabling citizens to download, print, or submit applications online independently. This digital transformation is a critical step towards a paperless service delivery model, with all offices mandated to make their application formats readily available via websites, QR codes, and other electronic platforms, facilitating easy access and online submission. This comprehensive government initiative is poised to bring about a paradigm shift in how citizens interact with public services. By eliminating the influence of unauthorized intermediaries and fostering a more transparent, efficient, and technologically integrated system, the government aims to significantly reduce the hassles and additional expenses traditionally associated with obtaining public services. This reform is not just about administrative convenience; it represents a crucial step towards strengthening good governance, enhancing public trust, and ultimately contributing to a more efficient and citizen-centric state apparatus in Nepal. It signals a commitment to modernizing public administration and ensuring that every citizen can access essential services with dignity and ease.
Finance Minister Wagle Champions Self-Reliant Budget for Nepal's Economic Future
Nepal's Finance Minister, Dr. Swarnim Wagle, has articulated a bold vision for the nation's economic future, emphasizing a strategic shift towards self-reliance through enhanced domestic revenue generation. Speaking at the inauguration of the District Coordination Committee Tanahun's annual review program in his constituency, Dr. Wagle underscored the imperative of building Nepal's economy from its own income, moving away from a long-standing dependency on external debt. The Finance Minister highlighted the critical need to break the cycle where the state has historically relied on borrowing to cover essential daily expenses due to a weak revenue base. His administration's new budget, therefore, is designed to broaden the tax base, encourage incremental contributions, and ultimately boost national income. This strategy aims to empower Nepal to finance its development initiatives independently, fostering sustainable growth and reducing vulnerability to external financial pressures. Dr. Wagle acknowledged the significant gap between the public's aspirations for development and the nation's current economic capacity. He further pointed out that the cost of loans from donor agencies has become increasingly prohibitive, leaving Nepal with no viable alternative but to cultivate self-sufficiency. "We have witnessed a recurring pattern where we take on new loans merely to service existing debts and their interest payments," Dr. Wagle stated, painting a stark picture of the nation's fiscal challenges. He revealed that the state's regular and essential liabilities stand at approximately NPR 1,350 billion, while government income hovers around NPR 1,250 billion. This deficit underscores the urgency of the new revenue-centric approach. The Finance Minister clarified that the government's decision to broaden the tax base and introduce incentives for tax compliance is a direct response to this fiscal imbalance. He urged citizens to transcend the paradoxical mindset of demanding extensive development while simultaneously resisting tax obligations and advocating against borrowing. This cultural shift, he believes, is crucial for collective progress. Addressing concerns about the expansion of the tax net into new sectors, Dr. Wagle reassured the public that the government is committed to protecting ordinary citizens from undue final tax burdens, implying a focus on equitable and efficient tax collection rather than punitive measures. The proposed budget, totaling NPR 2,124 billion, is envisioned as a catalyst to energize the private sector and propel Nepal towards a NPR 66 trillion economy. This ambitious target reflects the government's confidence in the private sector's role as the primary engine of economic growth. By creating a conducive environment for businesses, the government aims to unlock significant investment and innovation, driving job creation and prosperity across various sectors. Furthermore, Dr. Wagle announced plans to actively foster an environment that encourages Non-Resident Nepalis (NRNs) to invest in their homeland. This initiative seeks to tap into the vast financial and intellectual capital of the Nepali diaspora, channeling it into productive sectors of the economy. Such investments are expected to bring not only capital but also expertise, technology, and global best practices, further accelerating Nepal's development trajectory. This strategic focus on domestic resource mobilization, private sector engagement, and diaspora investment marks a pivotal moment in Nepal's economic policy, signaling a determined push towards a more robust, resilient, and self-reliant future.
Nepal's Innovative Tax Lottery: A Multi-Billion Rupee Strategy to Boost Revenue and Formalize the Economy
Nepal's Ministry of Finance and the Inland Revenue Department (IRD) have launched an innovative initiative, the Taxpayer Incentive Gift Program, to combat widespread tax evasion and formalize the economy. This program transforms ordinary retail receipts into lottery tickets, offering substantial cash prizes to incentivize consumers to demand official tax invoices. This strategic move aims to leverage consumer self-interest to plug significant leaks in the national treasury, potentially unlocking billions in missing taxes. The core of the problem lies in unrecorded sales. Many businesses in Nepal operate with dual ledgers – one for official tax reporting and another, more accurate one, for their internal records. This practice leads to substantial under-reporting of sales, particularly for Value Added Tax (VAT), which in turn impacts corporate income tax and other levies. Traditionally, tax administration has been a resource-intensive process, with authorities expending considerable effort on audits and inspections. The new bill lottery fundamentally shifts this dynamic by empowering millions of ordinary consumers to become de facto tax inspectors. Under the incentivized model, when a customer confidently requests a VAT receipt, they are not just ensuring transparency; they are entering a contest with significant financial rewards. This simple behavioral nudge makes it considerably harder for businesses to operate in the shadow economy. Instead of a passive transaction where a business owner might hide a sale and the consumer has no reason to care about a receipt, the lottery provides a compelling financial motivation for consumers to demand proper documentation, ensuring the sale is recorded and the applicable tax is collected. Participation in the lottery is designed for simplicity, integrating seamlessly into everyday consumer purchases. There's no need to buy separate tickets; qualifying retail receipts serve as entries. Key eligibility criteria include a minimum purchase value (typically around Rs. 100 for personal consumption), the receipt must be issued by a valid business with a registered Permanent Account Number (PAN) or Value Added Tax (VAT) number, and the transaction must be for personal consumption, excluding commercial or business-to-business (B2B) transactions. Furthermore, public utility bills (electricity, telephone, internet, water), airline tickets, and vehicle purchases are not eligible, focusing the program on general retail and service consumption. The program offers attractive prizes to maintain high engagement. Daily drawings award one winner Rs. 133,034, while fortnightly bumper drawings see two lucky individuals take home Rs. 1,000,000 each. It's crucial for winners to note that these are gross amounts, subject to a flat 25% income tax deduction at source, as per Nepal's tax laws. For instance, a daily winner would receive a net payout of Rs. 99,775.50, and a bumper winner Rs. 750,000. From a fiscal perspective, the program represents a remarkably cost-effective investment. The total annual prize money allocated is approximately Rs. 72.56 million (about 7.26 Crore). Even factoring in administrative overheads for awareness campaigns, website maintenance, and verification technology, bringing the total yearly cost to an estimated Rs. 12 to 17 Crore, this figure is minuscule compared to Nepal’s projected annual VAT collection target of over Rs. 400 billion. To merely break even on the program’s costs, the government needs to capture just Rs. 115 Crore in previously unreported taxable transactions (assuming a 13% VAT rate). Given the vast informal economy, achieving this breakeven point is an incredibly low bar, and even a marginal increase in compliance could yield hundreds of crores in additional revenue. The benefits extend beyond just VAT collection. Once a transaction is formally recorded and a proper receipt issued, it enters the legitimate financial system. This creates an audit trail that makes it significantly harder for businesses to underreport their annual corporate income tax. Moreover, it encourages better compliance for Withholding Tax (TDS) and Payroll Taxes. Conservative estimates suggest that for every Rs. 100 billion added to the formal tax net through this initiative, the government could benefit from an additional Rs. 50 to 80 billion in VAT and roughly Rs. 2.5 billion in corporate income tax, demonstrating a powerful domino effect on overall tax compliance. The success of this program is underpinned by Nepal's rapidly expanding digital payment infrastructure. Commercial banks and Payment Service Providers (PSPs) are tightly integrated with the Inland Revenue Department’s central database. When a consumer makes a QR code payment at a registered establishment, the system communicates with the IRD’s server to verify the transaction, significantly reducing potential for fraud and manual errors. This automation not only streamlines the lottery process but also provides the IRD with invaluable data on purchasing trends, sector-wise sales volumes, and regional compliance patterns, enabling smarter and more targeted tax administration strategies. Winners are notified via SMS or email, with official announcements on the IRD website. They have a 15-day window to claim their prize by submitting the original invoice, official identification, Personal PAN, and bank account details. The IRD verifies these documents within 10 days before direct electronic transfer of funds. Importantly, if a prize remains unclaimed within the 15-day period, the money is not retained by the IRD but is automatically transferred to the Prime Minister's Disaster Relief Fund. In essence, the Taxpayer Incentive Gift Programme is a sophisticated, low-cost policy mechanism that effectively leverages consumer self-interest to address a structural enforcement challenge. For the government, investing a few crore rupees to capture hundreds of crore rupees in missing taxes represents one of the highest-yield investments in public finance. For citizens, it's a simple yet powerful message: demanding an official tax bill for everyday purchases could not only contribute to national development but also potentially be worth a million rupees, fostering a culture of transparency and compliance across the Nepalese economy.
Nepal's Real Estate Sector in Crisis: Federation Urges Urgent Land Act Reforms to Unfreeze Billions in Property Transactions
Nepal's real estate sector is currently grappling with a severe legal impasse, as approximately 2,000 completed houses, apartments, and land plots, predominantly in the Kathmandu Valley, remain in limbo due to restrictive land ceiling laws. This critical issue, highlighted by the Nepal Land and Housing Developers' Federation (NLHDF), has effectively halted ownership transfers, trapping billions of rupees in private investment and significantly impacting both developers and anxious buyers. At the heart of the problem is the stringent enforcement of land ceiling regulations, particularly through the online Land Records Information Management System, which was introduced in 2019/20. This digital system, while intended to streamline land administration, has inadvertently created a bottleneck by flagging properties that exceed specified land limits. A key provision, Section 12(c) of the Land Act, 1964, prohibits entities that have been granted land ceiling exemptions from subsequently selling or transferring land ownership. This creates a paradoxical situation for real estate developers who legally acquired large parcels of land for commercial housing projects, only to find themselves unable to transfer ownership to end-buyers once construction is complete. The ramifications of this structural deadlock are far-reaching. Buyers, many of whom have made full or partial advance payments, are left in a state of uncertainty, unable to take legal possession of their properties. This not only causes immense personal distress but also ties up their capital, preventing them from utilizing their assets. For developers, including established firms like CE Construction, the situation is dire. They face escalating bank interest expenses on stalled projects, a severe liquidity crunch, and heightened legal risks, including potential accusations of fraud or even detention due to delayed transfers. The inability to complete transactions means that capital remains locked, hindering new project development and stifling growth within the sector. Beyond the immediate stakeholders, the broader economy is also suffering. The state is incurring substantial revenue losses from halted transaction fees, capital gains tax, and value-added tax (VAT) that would otherwise be generated from these property transfers. Furthermore, the slowdown in the real estate and construction sectors has a ripple effect on allied industries, impacting employment, material suppliers, and overall economic activity. This situation erodes investor confidence and paints a challenging picture for future foreign and domestic investment in Nepal's urban development. In response to this escalating crisis, NLHDF President Vishnu Prasad Ghimire has issued an urgent appeal to the government. The Federation is demanding immediate amendments to the Land Act to specifically exempt approved real estate developers from land ceiling restrictions, thereby unblocking the stalled property transactions. This proposed amendment would acknowledge the distinct nature of commercial housing development, where large land acquisitions are essential for creating integrated communities and housing solutions. NLHDF's proposals extend beyond immediate fixes. They advocate for a more comprehensive overhaul of the regulatory framework, calling for an integrated Land Code and Urban Development Act. Such a unified legal framework would provide clarity, reduce bureaucratic hurdles, and foster a more predictable environment for urban planning and development. Additionally, the Federation proposes the implementation of a one-stop system for planning permits, which would significantly streamline the approval process, currently plagued by delays and multiple agency clearances. Empowering the private sector to engage in land and house pooling initiatives is another key demand, aiming to facilitate more efficient land utilization and large-scale development projects. Furthermore, the Federation has urged the government and Nepal Rastra Bank (NRB) to introduce a targeted real estate revival package. Key components of this package include easing project-level banking credit, which is crucial for developers to manage their finances and complete ongoing projects. They also propose offering individual mortgage financing based on personal guarantees, which could unlock access to homeownership for a wider segment of the population. Revisions to capital gains and value-added tax policies are also on the table, aimed at making property transactions more attractive and stimulating market activity. Resolving administrative barriers is paramount to allowing developers to resume normal market operations, complete existing projects, and contribute robustly to Nepal's economic growth and urban infrastructure development. The timely implementation of these reforms is critical to unlocking the trapped capital, restoring market confidence, and ensuring the sustainable growth of Nepal's vital real estate sector.
Sanima Reliance Life Insurance Charts Future Growth at 'Vision to Value 2083' Conference in Pokhara
Sanima Reliance Life Insurance Limited recently convened its pivotal two-day corporate conference, ‘Vision to Value 2083,’ in the scenic city of Pokhara. Held under the inspiring theme "Empowering the Pinnacle for Elite Results," this strategic gathering brought together the company's executive leadership, regional heads, and top-performing staff from across its extensive network. The event served as a critical platform for comprehensive performance review, celebration of significant achievements from the past financial year, and the meticulous mapping out of an ambitious future strategy designed to solidify the company's market position and drive sustained growth. The conference was formally inaugurated by Chairman Ratan Lal Kedia and Board Member Bharat Kumar Todi, underscoring the strategic importance of the event to the company's long-term vision. Throughout the intensive sessions, Chairman Kedia and CEO Shivanath Pandey extended their heartfelt congratulations to the entire team for their commendable efforts in premium collection, a key metric of success in the competitive life insurance sector. Beyond acknowledging past successes, their addresses meticulously outlined the strategic priorities for the upcoming fiscal year. These priorities include a strong emphasis on new product innovation, aimed at meeting the evolving needs of Nepali consumers; branch standardization, to ensure consistent service quality and operational efficiency across its wide network; product diversification, to expand its offerings beyond traditional life insurance policies; and a steadfast commitment to robust corporate governance, which is crucial for maintaining investor confidence and regulatory compliance in a rapidly evolving financial landscape. A significant segment of the conference was dedicated to recognizing the invaluable contributions of the company's human capital. Outstanding regional managers, branch heads, marketing officers, and customer service staff were formally honored for not only reaching but often exceeding their annual targets. This recognition not only celebrates individual excellence but also fosters a culture of high performance and dedication throughout the organization. Furthermore, top leaders shared their invaluable field experiences, offering practical insights and strategic guidance to inform and enhance upcoming operational initiatives, ensuring that strategies are grounded in real-world market dynamics. Deputy CEO Nirajan Kandel presented a detailed analysis of the past year’s operational data, providing a transparent overview of the company’s performance trajectory. He passionately called upon all employees to redouble their efforts and work with unwavering dedication to drive further growth and achieve the ambitious targets set for the future. Sanima Reliance Life Insurance is actively expanding its footprint across Nepal, leveraging advanced digital services to enhance customer accessibility and streamline operations. The company's commitment to smooth and efficient claim processing remains a cornerstone of its customer-centric approach, building trust and reliability among its policyholders. With a robust operational infrastructure, Sanima Reliance Life Insurance currently boasts an impressive network of 169 nationwide branches, ensuring widespread accessibility for its growing customer base. The company's financial strength is evident in its capital exceeding NPR 5 billion and total investments surpassing NPR 25 billion, reflecting a strong foundation for future expansion and stability. Furthermore, its extensive network of over 20,000 active agents serves as a powerful distribution channel, connecting the company with communities across the nation. The 'Vision to Value 2083' conference thus marks a significant milestone, reaffirming Sanima Reliance Life Insurance's commitment to innovation, operational excellence, and sustainable growth in the dynamic Nepali insurance market, positioning it for continued success and value creation for its stakeholders.
NEPSE Records Gain For Straight Three Sessions; Edges Up By 8.81 Points
The Nepal Stock Exchange (NEPSE) recorded a single-digit gain today, gaining by 8.81 points (0.33%) to close at 2,651.21. This follows a gain of 0.55 points in the previous trading session. The benchmark index opened at 2642.65 and fluctuated between an intraday high of 2,656.54 and a low of 2,636.93 before settling at the close. Total turnover for the day amounted to Rs. 3.72 Arba, with 10,225,874 shares traded across 347 companies through 45,822 transactions. The total market capitalization stood at Rs. 45.59 Kharba, with a float market capitalization of Rs. 15.40 Kharba. Ghalemdi Hydro Limited (GHL) topped the turnover chart, recording transactions worth Rs. 29.98 crores. The company’s stock closed at Rs. 256.70. Sarvottam Paints Industries Limited (SAPIL) and Mount Everest Power Development Limited (MEPDL) hit the upper circuit with a 15.00% gain. Meanwhile, 10.25% Prabhu Bank Debenture 2086 (PBLD86) recorded the Highest fall, falling by 10.45%. The last traded price of the company was Rs. 1,131.00. Among sectors, the Manufacturing And Processing recorded the highest gain, gaining by 0.57%, while the Investment Index recorded the highest loss, down 0.49%. Top Buyer Broker's Top 10 Bought Companies Top Seller Broker's Top 10 Sold Companies
Nepal Investment Mega Bank Reassures Stakeholders Amidst Legal Challenges Against Top Officials
Nepal Investment Mega Bank Limited (NIMB) has proactively addressed recent legal developments, issuing a comprehensive statement to reassure its customers, depositors, shareholders, and the broader financial community. The bank expressed significant concern over the filing of a case against its Chairperson, directors, and Chief Executive Officer (CEO). These legal proceedings are reportedly linked to the bank's routine operations, which NIMB asserts were conducted in strict adherence to prevailing laws, regulatory provisions, and established banking practices. In its official statement, NIMB emphatically clarified that these legal challenges have not, and will not, impede its regular banking operations, customer services, or day-to-day activities. The bank underscored its commitment to maintaining seamless service delivery, assuring all stakeholders that its leadership and management structures remain fully intact and functional. This steadfast assurance aims to quash any potential anxieties regarding the bank's operational continuity and stability in the face of external scrutiny. The banking sector, by its very nature, thrives on public trust and confidence. Any legal action involving the top brass of a major financial institution can naturally raise questions among investors and customers. NIMB's swift and transparent communication strategy is therefore crucial in mitigating potential market jitters and safeguarding its reputation. The bank reiterated its unwavering focus on bolstering institutional strength, diligently protecting the interests of its vast customer base, and contributing to the overall stability of Nepal's financial system. This commitment is vital, especially given NIMB's significant presence and role within the Nepali banking landscape. Furthermore, NIMB has called upon relevant authorities to extend necessary coordination and support. This appeal is aimed at fostering an environment that sustains public confidence in the banking system, upholds employee morale, and ensures continued financial stability across the sector. Such collaborative efforts between financial institutions and regulatory bodies are paramount in navigating complex legal situations without disrupting essential economic functions. In a bid to combat misinformation and speculation, the bank strongly urged its customers, depositors, shareholders, and other stakeholders to refrain from forming opinions based on unverified reports. Instead, NIMB requested that they rely exclusively on official information disseminated by the bank when assessing any developments related to the institution. This emphasis on credible sources is a cornerstone of responsible corporate communication, particularly in sensitive situations. The bank concluded its statement by expressing profound gratitude to its depositors, customers, shareholders, and all other stakeholders for their enduring trust and goodwill. It also solicited their continued support and cooperation, reinforcing the message of a united front during this period. For investors, this proactive stance from NIMB signals a management team that is not only aware of the challenges but also committed to transparency and operational resilience. Maintaining investor confidence through clear communication and demonstrable stability is key for any publicly listed company, and NIMB's recent statement aligns with best practices in corporate governance during times of legal scrutiny. The bank's ability to navigate these proceedings while ensuring business as usual will be closely watched by the market.
Kumari Bank Hands Over NPR 1 Million Insurance Claim at Gadhwa Branch
Kumari Bank Limited’s Gadhwa branch has handed over an insurance claim payment of NPR 1 million (10 Lakhs) to Khuma Paudel. The compensation was provided following the tragic passing of her husband in an accident, under the terms of the bank’s "Parivar Suraksha Bachat Khata" (Family Security Savings Account). After completing the necessary claim processing, the bank provided the amount to offer financial support to the grieving family during this difficult period. The bank stated that it prioritizes the financial safety and protection of its customers and their families through savings plans tied to protection benefits. Such offerings aim to help families affected by unexpected events and build long-term security, especially for people living in rural and remote regions. Kumari Bank Limited has been offering banking services in Nepal for over 25 years. Today, it serves millions of customers across the nation through a network of 285 branches, 41 extension counters, 302 ATMs, and 40 branchless banking points.
Kumari Bank Reports Robust Net Profit of NPR 7.5 Billion in Q4 FY 2080/81, Signaling Strong Performance
Kumari Bank Limited has announced an impressive financial performance for the fourth quarter of the fiscal year 2080/81, reporting an unaudited net profit of approximately NPR 7.5 billion. This significant achievement, disclosed in the bank's recently published financial statement, underscores its robust operational efficiency and strategic financial management amidst a dynamic economic landscape. The substantial profit figure positions Kumari Bank as a strong contender within Nepal's competitive commercial banking sector, offering positive signals to its investors and the broader market. The reported net profit of NPR 7.5 billion for the full fiscal year 2080/81 reflects a commendable growth trajectory, especially considering the prevailing economic conditions that have presented both opportunities and challenges for financial institutions. This performance is likely attributed to a combination of factors, including healthy growth in net interest income, effective management of non-performing assets, and a prudent approach to operational expenses. A strong deposit base coupled with strategic lending initiatives would have played a crucial role in bolstering the bank's core revenue streams. Furthermore, the bank's focus on expanding its digital banking services and enhancing customer experience could also contribute to increased fee and commission income, diversifying its revenue portfolio. For investors, this strong financial outcome is particularly encouraging. A net profit of this magnitude typically translates into a healthy Earnings Per Share (EPS), which is a key metric for evaluating a company's profitability and potential for future dividends. While the dividend declaration will be subject to regulatory approvals and the bank's Annual General Meeting (AGM), a robust profit base generally indicates a strong capacity for rewarding shareholders. Such performance can also positively influence the bank's stock valuation on the Nepal Stock Exchange (NEPSE), potentially attracting more investor interest and improving market liquidity for Kumari Bank shares. The broader banking sector in Nepal has been navigating a period of evolving monetary policies and economic adjustments. The Nepal Rastra Bank (NRB) has been proactive in implementing measures to ensure financial stability, manage liquidity, and promote sustainable credit growth. In this environment, Kumari Bank's ability to deliver such a strong profit figure highlights its resilience and adaptability. It suggests that the bank has effectively managed its balance sheet, optimized its asset-liability structure, and maintained a healthy capital adequacy ratio, all critical for long-term sustainability and growth. Looking ahead, Kumari Bank's continued focus on expanding its reach, particularly in underserved areas, and leveraging technology for efficient service delivery will be pivotal. The bank's commitment to corporate governance and risk management practices will also be crucial in sustaining this positive momentum. As the Nepalese economy continues its recovery and growth trajectory, financial institutions like Kumari Bank are expected to play a vital role in facilitating economic activities through credit disbursement and financial intermediation. This latest financial report provides a solid foundation for Kumari Bank to build upon, reinforcing its position as a key player in Nepal's financial landscape and a promising investment avenue.
NEPSE Finally Rolls Out After Market Order (AMO) Facility, Boosting Trading Flexibility for Investors
The Nepal Stock Exchange (NEPSE) has officially launched the 'After Market Order' (AMO) facility on its online trading system (TMS) starting this Thursday. This long-anticipated feature allows investors to place buy and sell orders for securities even outside the regular trading hours of 11 AM to 3 PM. While this move is a significant step towards enhancing market accessibility and convenience for investors, particularly those with busy schedules during office hours, it also highlights the slow pace of technological adoption within NEPSE. The introduction of AMO by NEPSE comes notably late, especially considering that a private sector brokerage firm, Nasa Securities (Broker No. 58), had already implemented a similar facility for its clients as early as Baisakh 10 (April 22). It took NEPSE an additional 108 days, or approximately three months and eighteen days, to integrate this technology into its own system. This delay underscores a persistent concern among market participants regarding the agility and responsiveness of the national stock exchange in adopting modern trading functionalities. **Understanding After Market Orders (AMO)** The After Market Order system is designed to provide greater flexibility to investors who might be unable to monitor the market or place orders during the standard trading window. This facility aims to capture potential trading interest that arises outside market hours, allowing investors to prepare their positions in advance. Key features of NEPSE's newly introduced AMO facility include: * **Price Limits**: Investors can place 'limit orders' with a permissible fluctuation of up to 15% from the previous day's closing price. This ensures a degree of control over the execution price, preventing orders from being filled at extreme values. * **Automated Processing**: Orders placed within a 3% price limit of the previous day's closing price will be automatically transmitted to the exchange during the 'pre-open session' before the market officially commences. For orders with prices outside this 3% range, the system will only process them once a matching price is found during regular trading hours. This tiered approach helps manage volatility during the pre-open phase. * **Verification and Restrictions**: The system incorporates immediate checks to ensure the integrity of transactions. When an order is placed, it verifies if the buyer has sufficient collateral and if the seller holds the required shares in their Demat account. Importantly, 'market orders'—transactions placed without specifying a price—will not be available under the AMO facility, emphasizing a preference for limit orders to maintain price stability. * **Day Validity**: All AMO orders are valid for a single trading day only. If an order is not executed by the end of the trading day, it will be automatically canceled. This 'day validity' ensures that stale orders do not clutter the system and that investors must re-evaluate their positions daily. **Challenges and User Experience** Despite the positive implications of AMO, the initial implementation by NEPSE reveals some user interface (UI) complexities, particularly concerning order modification and cancellation. According to NEPSE's system, an order can only be modified or canceled when it is in a 'pending' state, prior to being sent to the exchange. Once an order has been transmitted to NEPSE's central system, it cannot be altered or withdrawn directly from the TMS 'After Market' section. Instead, investors are required to navigate back to the 'Order Book' to manage such orders. This cumbersome process suggests that NEPSE's UI still has room for improvement in terms of user-friendliness and intuitive design, a point of frequent criticism from the investor community. **Broader Market Implications** The introduction of AMO is a welcome development for the Nepali capital market, signaling NEPSE's gradual embrace of modern trading practices. It is expected to increase investor participation by accommodating those who are constrained by time during regular market hours. This enhanced flexibility could potentially lead to a more active market, as investors can react to global cues or personal financial decisions outside the traditional trading window. However, for the full benefits of such advancements to materialize, NEPSE must continue to refine its systems, prioritize user experience, and accelerate the adoption of other long-demanded features. The market looks forward to further enhancements that will truly align NEPSE with international best practices and serve the growing needs of its investor base.
Unilever Nepal Reports Significant Profit Decline Amidst Revenue Contraction in Q4 FY 2082/83
Unilever Nepal Limited (UNL), a prominent player in Nepal's fast-moving consumer goods (FMCG) sector, has reported a notable downturn in its financial performance for the fourth quarter of fiscal year 2082/83. The company's net profit experienced a substantial 19.54% decline, settling at Rs. 39.08 Crore, a significant drop from Rs. 48.57 Crore recorded in the corresponding quarter of the previous fiscal year. This contraction in profitability signals potential challenges within the company's operational landscape and the broader economic environment. The primary driver behind this profit erosion appears to be a decrease in revenue from operations. UNL's revenue fell by 4.03% to Rs. 7.91 Arba, compared to Rs. 8.25 Arba in the same period last year. This revenue dip, coupled with an increase in total expenses, exerted considerable pressure on the company's bottom line. Total expenses rose by 2.22% to Rs. 6.10 Arba during the review period, up from Rs. 5.97 Arba in Q4 FY 2081/80. Such a scenario, where revenue declines while costs increase, inherently squeezes profit margins and impacts overall financial health. Further exacerbating the profit decline was a significant reduction in other income, which plummeted by 23.66% to Rs. 12.26 Crore from Rs. 16.06 Crore previously. This suggests that non-core revenue streams also faced headwinds, adding to the challenges faced by the company. Consequently, the Earnings Per Share (EPS) mirrored the profit decline, falling by 19.54% to Rs. 424.32 from Rs. 527.36 a year earlier, directly impacting shareholder value. From a balance sheet perspective, Unilever Nepal maintained its paid-up capital at Rs. 9.21 Crore. However, other equity, which includes retained earnings, saw a modest decline of 2.48% year-on-year, settling at Rs. 5.01 Arba. This indicates a slight reduction in the company's accumulated reserves. A notable shift was observed in the company's investment strategy, with investment in fixed deposits sharply declining by 60.03% to Rs. 1.00 Arba. This substantial reduction could imply a reallocation of capital, possibly towards operational needs or other investment avenues, or a strategic decision to reduce exposure to fixed-income assets. Conversely, cash and cash equivalents witnessed a robust increase of 65.63%, reaching Rs. 1.44 Arba. This surge in liquid assets could be a result of the reduction in fixed deposit investments or improved cash flow management, despite the overall profit decline. Inventories also saw a significant increase of 41.89% to Rs. 1.55 Arba. While an increase in inventory can sometimes signal anticipation of future demand, a substantial build-up alongside declining revenue might raise concerns about slower sales or potential inventory obsolescence, which could tie up working capital. Trade receivables, on the other hand, declined marginally by 2.28% to Rs. 1.41 Arba, suggesting a slight improvement in collecting outstanding payments from customers. The company's investment in property, plant, and equipment (PPE) increased by 8.73% to Rs. 1.69 Arba. This indicates ongoing capital expenditure, potentially for facility upgrades, expansion, or modernization of production capabilities, which could be a long-term positive, but in the short term, it contributes to increased expenses and asset base. The net worth per share also saw a slight dip of 2.44%, moving from Rs. 5,675.57 to Rs. 5,537.13, reflecting the overall reduction in equity. At the close of the quarter, Unilever Nepal's shares were trading at Rs. 47,200, commanding a Price-to-Earnings (P/E) ratio of 111.24 times. This high P/E ratio, especially in the context of declining profits, suggests that investors may still hold strong long-term expectations for the company, or it could reflect the scarcity premium often associated with blue-chip stocks in the Nepali market. However, a declining EPS combined with a high P/E could signal potential overvaluation if future earnings growth does not materialize to justify the current market price. The financial results underscore a challenging period for Unilever Nepal. Investors will be closely watching for management's strategies to address the revenue decline, control rising expenses, and optimize capital allocation to restore profitability and enhance shareholder value in the upcoming fiscal periods. The FMCG sector in Nepal, while resilient, is subject to intense competition and evolving consumer preferences, requiring companies like UNL to continuously innovate and adapt.
Naima Nepal Mobility Expo 2026 Ignites Consumer Interest with New EV Models and Aggressive Offers
The 'Naima Nepal Mobility Expo 2026', currently underway at Kathmandu's Bhrikutimandap, has emerged as a significant barometer for the nation's burgeoning automotive market, particularly the electric vehicle (EV) segment. The event has witnessed an overwhelming response from the public, with over 26,000 visitors on its second day alone, following an impressive 29,000 on the opening day. This robust turnout underscores a growing consumer appetite for sustainable transportation solutions and a keen interest in the latest automotive innovations. Visitors to the expo have demonstrated a sophisticated understanding and specific interests, primarily focusing on critical aspects of electric vehicles such as battery capacity, motor performance, driving range, and the crucial after-sales service infrastructure. This indicates a maturing market where buyers are moving beyond initial curiosity to practical considerations, seeking reliability and long-term value in their EV investments. Manufacturers and distributors are clearly responding to these demands, showcasing models that address these core concerns. To capitalize on this heightened interest and stimulate sales, participating companies have rolled out a series of aggressive promotional offers. These include attractive price discounts, complimentary insurance packages, free servicing schemes, vehicle tax exemptions, and access to loans at highly subsidized interest rates. Such competitive strategies highlight the intense rivalry within the market, ultimately benefiting consumers and accelerating the adoption of new vehicle technologies, especially EVs. The expo has also served as a launchpad for a multitude of new models, signaling rapid innovation and diversification within the Nepali automotive landscape. On the second day, four new models were unveiled, adding to the impressive 48 new models introduced on the inaugural day. This influx of new electric cars, e-scooters, and electric commercial vehicles forms the main attraction, offering a wide array of choices for different consumer segments and business needs. The sheer volume of new offerings reflects manufacturers' confidence in the market's growth potential and their commitment to meeting evolving consumer preferences. Beyond vehicle manufacturers, the financial sector is playing a pivotal role in driving market momentum. Banks, financial institutions, and insurance companies are actively participating in the expo, providing various concessions and special offers tailored for vehicle purchases. Their involvement is critical in making vehicle ownership more accessible and affordable, thereby fueling sales and contributing to the overall economic impact of the automotive industry. The synergy between vehicle suppliers and financial service providers is essential for sustaining the growth trajectory observed at the expo. Organized with the overarching objective of promoting a sustainable, green, and technology-friendly transportation system in Nepal, the expo is set to run until July 16 (Saun 31). Organizers anticipate a total footfall of approximately 150,000 visitors throughout the event. This significant public engagement, coupled with the strategic offerings from manufacturers and financial institutions, positions the Naima Nepal Mobility Expo 2026 as a key indicator of the automotive sector's health and its future direction, particularly as Nepal continues its transition towards a more environmentally conscious and technologically advanced mobility landscape. Investors should note the strong consumer demand and competitive environment as potential drivers for growth in related sectors.