4th Quarter Report and Financial Analysis of Kist Bank

Kathmandu, Aug 13

Kist Bank Limited has posted net loss of Rs. 240.612 million on its 4th quarter financial report of the fiscal year 2070/71.

3rd Quarter Report and Financial Analysis of Kist Bank

Kathmandu, May 10

Kist Bank Ltd. has posted net loss of Rs. 213.641million during the 3rd quarter of fiscal year 2070/71.

Kist Bank to Auction Promoter Share.

Kathmandu, April 22

Kist Bank Limited Promoter share 1,28,000 units in auction to the general public from 23 April 2014 (10th to 24th Baishak, 2071).

2nd Quarter Report and Financial Analysis of Kist Bank

Kathmandu, Jan 30, 2014

Kist Bank Limited has posted net loss of Rs.198.80 million and published its 2nd quarter company analysis of the fiscal year 2070/71

Prabhu close to merger with Kist; taking over Kist's mgmt after claiming shares

Kathmandu, Jan 2

Kist Bank Nepal and Prabhu Bikas Bank are now very close to a merger, as ShareSansar has been reporting over the past one month.

After taking over major shares of Kist, with the help of its former chairperson, the Prabhu Group is now planning to take over the management for a smooth merger.

As part of that plan, they have reshuffled the management of Kist. CEO of Sanima Bank Kumar Lamsal has been hired as the CEO of Kist while CEO of Prabhu Bikas Bank

Kist Bank’s share trading most likely to resume from tomorrow

Kathmandu

After a hiatus of nine months, share trading of Kist Bank Limited is most likely to resume from tomorrow, according to the top official of the commercial bank.

“The board of directors has today written to Nepal Rastra Bank for the resumption of the trading,” highly placed source at Kist Bank told ShareSansar today. “If the central bank corresponds to NEPSE today itself then the trading will start tomorrow, or else it should start from day after tomorrow.”

This has come as a huge respite to hundreds of share traders who have invested in Kist Bank’s shares.

Trading of the shares of Kist Bank was suspended by the NEPSE after Kist signed a Memorandum of Understanding with Vibor Bikas Bank for the merger of the two BFIs back on March 21, 2013.

However, seven months after the MoU, both the BFIs decided to pull out of the merger process due to some internal reasons, particularly the resignation of Kamal Gyawali, the then Managing Director of Kist Bank, owing to some loan scam related to his spouse.

Kist Bank, meanwhile, has been facing mounting pressure from the shareholders to resume the share trading.