4th Quarter Report and Financial Analysis of Civil Bank

Kathmandu, Aug 16

Civil Bank Limited has posted net profit of Rs. 246.228 million on its 4th quarter financial report of the fiscal year 2070/71

Joint Transaction after Merger of Civil Bank with Axis Dev Bank and Civil Merchant Finance

Kathmandu, April 12

Nepal Rastra Bank has published a notice regarding the joint transaction after successfully merger of Civil Bank, Axis Development, & Civil Merchant as Civil Bank Ltd. 

Civil Bank has published its Special General Meeting Minute.

Kathmandu, March 14

Civil Bank has published its Special General Meeting Minute.

Swap ratio for merger of Civil Merchant and Axis with Civil Bank fixed at 79%

Kathmandu, Jan 22

Three months after signing a MoU for the merger, Civil Bank Limited has agreed to 79 percent swap ratio for the merger of both Civil Merchant Bittiya Sanstha and Axis Development Bank Limited, according to highly placed sources at the bank.

Now that we have worked out the swap ration, the merger process will be completed shortly," the sources added.

Nepal Stock Exchange Limited (NEPSE) has suspended the trading of shares of

Civil Bank AGM endorses 5.7% cash dividend; elects 3 BoD members, gives nod to merger proposal

ShareSansar, January 8

Civil Bank Limited’s third Annual General Meeting held yesterday took a number of important decisions, including endorsement of 5.7 percent cash dividend to the shareholders from the net profit the young commercial bank posted in the last fiscal year 2069/70.

Besides, the AGM also saw an election of three members to the Board of Directors from the ordinary shareholders. They are Ghanendra Bahadur Shrestha, Mitra Lal Shrestha and Sangam KC.

The AGM held at Nepal Academy hall at Kamaladi also gave full mandate to the BoD to carry forward merger with other BFIs and even explore possibilities of joint venture with foreign banks.

Civil Bank had posted a net profit of Rs.12.12 crore in the last fiscal year 2069/70. Its EPS (annualized) stands at Rs 2.49 and net worth per share at Rs 108.28.

The bank, which is entering into a merger with Axis Development Bank and Civil Merchant Finance Company, is expected to offer much better dividend from the current fiscal year.
 
Since October Nepal Stock Exchange Limited has suspended the trading of the shares of Civil Bank Limited, Civil Merchant and Axis Development Bank for the merger.
 
Civil Bank and Civil Merchant Bittiya Sanstha are owned by the Civil Group while Axis Development Bank was formed following the merger of Pashupati Development Bank and Udyam Development Bank.
 
Civil Bank has a paid-up capital of Rs 2 arba, reserve and surplus of Rs 15.3 crore. It had posted a net profit of Rs 12.12 crore in the last fiscal year.

Civil Bank introduces new product to its customers

KATHMANDU, Jan 1: 

Civil Bank has introduced a new product — Mobile Mai Nagad —on the occasion of New Year 2014. This product has a complete range of financial services such as deposit, withdrawal from bank account to mobile account, account to account transfer, and payment of shopping bills and utility bills through the Hello Paisa network. 

Known as a technology driven bank, Civil Bank has also introduced cardless ATM service from which cash can be withdrawn by using a mobile device from any Civil Bank ATM without using an ATM card. This unique feature is only available in Civil Bank. 

The bank has signed an agreement with Hello Paisa for this service.

Civil Bank AGM on January 7, Prime Commercial's on Jan 10, 2014.

Civil Bank Limited is holding its third Annual General Meeting on January 7.

According to a public notice issued by the young commercial bank today, the AGM will endorse 5.75 percent cash dividend to the shareholders from the net profit it posted in the last fiscal year 2069/70.

The AGM is also scheduled to give full mandate to the BoD to carry forward merger with other BFIs and even explore possibilities of joint venture with foreign banks.

Civil Bank had posted a net profit of Rs.12.12 crore in the last fiscal year 2069/70.

Its EPS (annualized) stands at Rs 2.49 and net worth per share at Rs 939.

The bank, which is entering into a merger with Axis Development Bank and

Shares of Civil Bank, Civil Merchant and Axis Development Bank have been suspended for merger

Kathmandu, October 8, 2013

Shares of Civil Bank Limited, Civil Merchant Bittiya Sanstha and Axis Development Bank Limited have been suspended from today for the merger of these BFIs.

Civil Bank and Civil Merchant Bittiya Sanstha are owned by the Civil Group while Axis Development Bank was formed following the merger of Pashupati Development Bank and Udyam Development Bank.

Civil Bank has a paid-up capital of Rs 2 arba, reserve and surplus of Rs 15.3 crore. It had posted a net profit of Rs 12.12 crore in the last fiscal year, and its EPS stands at 7.56 and has a net worth 107.65.

Axis Development Bank has a paid-up capital of Rs 71.81 crore, reserve and surplus of Rs 9.42 crore, and it earned a net profit of Rs 2.03 crore. Its EPS stands at Rs 2.84 and it has a net worth of 113.13.

Similarly, Civil Merchant Bittiya Sanstha has a paid-up capital of Rs 16.65 crore, reserve and surplus of Rs 3.17 crore. It had posted a net profit of Rs 1.32 crore in the last fiscal year, and its EPS stands at 7.98 and has a net worth 119.16.

Civil Bank Limited is distributing IPO Share Certificates

Civil Bank Limited is distributing 8 million units IPO Share Certificates to the IPO investors from 1st Fagun, 2069 from the concerned deposited center. (the office from where you received the share allotment slip.)

Civil Bank Limited offices
    Or
Issue Managers:

- Nabil Investment Banking Limited

- ACE Capital Limited

- NCM Merchant Banking Limited

- Nagarik Lagani Kosh

IPO Allotment Result of Civil Bank

Civil Bank Ltd has successfully allotted 8 million units of shares worth NPR 800 million to the general public. The Bank had appointed Citizens Investment Trust, NCM Capital Markets, Nabil Investment and Ace Capital Market as the issue managers for its IPO. 

In an interaction program, the Bank declared allocation of shares to 57,588 subscribers from general public (257 of the Bank’s staff and 2 issue managers) who have been proportionately allocated total shares of 54,019,660 units (400,000 units to Bank’s staff and 600,000 units to issue managers).

The issuance of shares was opened from 2069/08/25 to 2069/08/28 to general public. The Bank has allotted 27.09% to small investors and 10.19% to other subscribers. Although the period allowed for the allocation of shares is 40 days, the Bank has acted swiftly for completion of allocation of the shares earlier than the given period. Civil Bank could be the first commercial bank till date in terms of share allocation within such short tenure said Chief Executive Officer of the Bank, Mr. Kishore Maharjan. 

IPO ALLOTMENT RESULT

Civil Bank opens largest private sector IPO

KATHMANDU, Dec 10, 2012

In the biggest initial public offering (IPO) launched by the private sector till date, Civil Bank is floating its shares to the public for the first time from Monday to raise Rs 800 million. If the bank is successful in raising the said amount from the primary market, the paid-up capital of the category ´A´ financial institution will top Rs 2 billion.

“We are very optimistic about the IPO and hope it will be oversubscribed by at least three times,” Kishore Maharjan, CEO of the bank, told Republica on the sidelines of a press meet organized in Kathmandu on Sunday.

The bank is floating eight million units of shares with the face value of Rs 100 each. These shares are being issued by Citizens Investment Trust, Nabil Investment Limited, NCM Merchant Banking and Ace Capital Limited, which have been appointed issue managers for the IPO.

“Of the total number of shares that are up for grabs, five percent have been allotted to institutional investors and another five percent have been issued to staff,” Govinda Gurung, senior executive officer of the bank, told the press meet. “So we can say Rs 80 million has already been raised.”

Once the shares are successfully distributed, the promoters of the bank will hold 60 percent stake in the bank with the rest going to the public.

“We think investors who buy shares from the primary market will be able to earn good returns as the price of each share is expected to shoot up to a range of Rs 150 to Rs 200 soon as the stocks are listed on the stock market,” Civil Bank Chairman Iccha Raj Tamang told the press meet.

As per the rules of Securities Board of Nepal (Sebon), the bank´s shares will have to be put up for sale on the primary market for at least four days. If the shares are not fully subscribed, the bank can extend the IPO for up to 15 more days.

“We are hopeful the IPO will wrap up in first four days as there are not many investment avenues to cater to the pent-up demand,” CEO Maharjan said. “Besides, the bank´s financial health is also sound.”

The bank, which was established around two years ago, does not hold any bad debt and has a capital adequacy ratio -- a measure of capital reserves against assets at risk -- of 12.39 percent. “Once the shares floated to the public are subscribed, the bank´s capital adequacy ratio will hover at 15 percent, which will provide us with ample room to expand lending activities,” Gurung said.

The bank, which mobilized Rs 10.34 billion in deposits till the end of the first quarter of the current fiscal year, extended Rs 9.15 billion in loans by the end of the first quarter. It is planning to raise deposit base to Rs 23.61 billion and expand credit portfolio to Rs 19.65 billion by the end of the fiscal year 2014/15.

“By that time earning per share of the bank will rise to Rs 14.05 (from Rs 1.9 in the first quarter of the current fiscal year) and gross assets will rise to Rs 27.06 billion from Rs 11.96 billion of present,” Gurung said.

Source: Republica

Civil Bank to float primary shares on Dec 10

KATHMANDU, NOV 26 - 2012

Civil Bank said that it will float primary shares to the public on December 10.

“The bank, which is on the verge of issuing shares to the general public, has been organising interaction programmes at various places across the country,” said chief executive Kishore Maharjan. The 30th commercial bank of the country will issue eight million units of shares worth Rs 800 million.

Currently, 26 commercial banks have listed over 510.77 million units of shares at Nepal Stock Exchange (Nepse), with a total paid up value of over Rs 51.07 billion. Civil Bank will be the 27th commercial bank to list its shares at Nepse that is dominated by banks and financial institutions due to the dismal performance of manufacturing companies.

There are still five commercial banks that need to float primary shares to the public according to the central bank regulation.

The secondary market is currently showing favourable signs for investment and Civil Bank’s issue is also expected to provide a good opportunity to small and medium investors, said Maharjan, adding that the capital market is expected to garner attention from the general public towards primary shares after the issuance of shares of Civil Bank that posted an operating profit of Rs 35.6 million in the first quarter of the current fiscal year.

The bank was able to mobilise deposits worth Rs 10.3 billion and disburse loans and advances worth Rs 9.24 billion during the period.

The bank — that is issuing the second largest public offering after Agriculture Development Bank — has appointed Citizens Investment Trust, NCM Capital Markets, ACE Capital Markets and Nabil Investment as issue managers for its Initial Public Offering (IPO).

Civil Bank — that has successfully completed its second year of operation — has a total of 15 branches spread across prime locations of the country.

The interaction programme in Pokhara today saw the participation of respected personalities from the industrial and commercial sectors of the country including enthusiasts of the share market. It will organise another interaction in Birgunj tomorrow.

Source: THT