Kathmandu, Nov 6
Nabil Bank Limited has published notice of its 30th AGM going to be held on Mangsir 16,2071.
Nabil Bank Limited has published notice of its 30th AGM going to be held on Mangsir 16,2071.
Showing posts with label Nabil Bank. Show all posts
Showing posts with label Nabil Bank. Show all posts
Thursday, November 6, 2014
Friday, August 15, 2014
4th Quarter Report of Nabil Bank Limited
Kathmandu, Aug 14
Nabil Bank Limited has posted group net profit of Rs. 2333.445 million on its 4th quarter financial report of the fiscal year 2070/71.
Nabil Bank Limited has posted group net profit of Rs. 2333.445 million on its 4th quarter financial report of the fiscal year 2070/71.
Monday, March 31, 2014
NIDC Development Bank auctioning collateral share of Nabil Bank
Kathmandu, March 31
NIDC Development Bank Ltd. is 1076281 units of promoter shares of Nabil Bank in auction.
NIDC Development Bank Ltd. is 1076281 units of promoter shares of Nabil Bank in auction.
Monday, March 3, 2014
Bonus Share Distribution of Nabil Bank
Kathmandu, March 3
Nabil Bank Ltd. is distributing 25% bonus share certificate starting from 3 Mar, 2014 from Nabil Bank branches.
Nabil Bank Ltd. is distributing 25% bonus share certificate starting from 3 Mar, 2014 from Nabil Bank branches.
Monday, March 25, 2013
Nabil mutual fund oversubscribed
KATHMANDU, MAR 25, 2013
Nabil Bank’s Nabil Balanced Fund I has been well received by the public.
The new fund offer for Nepal’s second mutual fund — Nabil Balanced Fund I worth Rs 600 million — that had opened on March 20, closed today. “We believe that the offer got oversubscribed by two times based on the initial report, though some districts have yet to report the final tally,” said chief executive of Nabil Investment Pravin Raman Parajuli.
Nabil Investment is a merchant banking subsidiary of Nabil Bank that works as the fund manager and depository for the mutual fund.
Following the high number of applications for the mutual fund units priced at Rs 10, Nabil Investment will be allotting units worth Rs 750 million as allowed by Mutual Fund Regulations 2067.
Nabil Bank will work as the sponsor for the mutual fund managed by its merchant banking subsidiary.
The scheme’s portfolio is planned to contain 70 per cent equities and the rest is divided in fixed income instruments such as government securities and fixed deposits. The objective of the scheme is to balance the risk of the portfolio by investing in a mix of securities.
The close-ended scheme with a five-year tenure is expected to provide 18 per cent annual dividend on average to unit holders.
Source: THT
Nabil Bank’s Nabil Balanced Fund I has been well received by the public.
The new fund offer for Nepal’s second mutual fund — Nabil Balanced Fund I worth Rs 600 million — that had opened on March 20, closed today. “We believe that the offer got oversubscribed by two times based on the initial report, though some districts have yet to report the final tally,” said chief executive of Nabil Investment Pravin Raman Parajuli.
Nabil Investment is a merchant banking subsidiary of Nabil Bank that works as the fund manager and depository for the mutual fund.
Following the high number of applications for the mutual fund units priced at Rs 10, Nabil Investment will be allotting units worth Rs 750 million as allowed by Mutual Fund Regulations 2067.
Nabil Bank will work as the sponsor for the mutual fund managed by its merchant banking subsidiary.
The scheme’s portfolio is planned to contain 70 per cent equities and the rest is divided in fixed income instruments such as government securities and fixed deposits. The objective of the scheme is to balance the risk of the portfolio by investing in a mix of securities.
The close-ended scheme with a five-year tenure is expected to provide 18 per cent annual dividend on average to unit holders.
Source: THT
Monday, November 26, 2012
Nabil eSecure card service launched
KATHMANDU, NOV 26 - 2012
Nabil Bank on Sunday launched Nabil eSecure, a value addition to its card service which enables users to carry out internet shopping in a secured environment.
According to Nabil Bank, it is the first bank to provide e-commerce facility with three-domain (3-D) secure service. The 3-D secure service provides users a password to protect their online transactions like the PIN used at ATMs.
A bank official said that they have offered the service in association with Visa and MasterCard. “We have used technical guidelines from Visa and MasterCard to provide this service, and it almost eliminates the possibility of fraudulent transactions,” said CEO Anil Gyawali. There are no web portals in Nepal accepting payment through the card, but users can enjoy shopping at Indian vendors, according to Niraj Sharma, head, card division at Nabil. “However, US dollar cardholders can use their cards throughout the world,” said Sharma.
With the introduction of this service, around 200,000 debit cardholders and 20,000 credit cardholders of the bank can enjoy the privileges of internet shopping, the bank said. They can purchase goods and services like railway and airline tickets and book hotel rooms and tour packages, among other things, over the internet.
Source: The Kathmandu Post
Nabil Bank on Sunday launched Nabil eSecure, a value addition to its card service which enables users to carry out internet shopping in a secured environment.
According to Nabil Bank, it is the first bank to provide e-commerce facility with three-domain (3-D) secure service. The 3-D secure service provides users a password to protect their online transactions like the PIN used at ATMs.
A bank official said that they have offered the service in association with Visa and MasterCard. “We have used technical guidelines from Visa and MasterCard to provide this service, and it almost eliminates the possibility of fraudulent transactions,” said CEO Anil Gyawali. There are no web portals in Nepal accepting payment through the card, but users can enjoy shopping at Indian vendors, according to Niraj Sharma, head, card division at Nabil. “However, US dollar cardholders can use their cards throughout the world,” said Sharma.
With the introduction of this service, around 200,000 debit cardholders and 20,000 credit cardholders of the bank can enjoy the privileges of internet shopping, the bank said. They can purchase goods and services like railway and airline tickets and book hotel rooms and tour packages, among other things, over the internet.
Source: The Kathmandu Post
Wednesday, August 8, 2012
HIDC in talks with commercial banks on consortium financing
KATHMANDU, AUG 08, 2012
Hydroelectric Investment and Development Company (HIDC) has got off to a running start by holding talks with commercial banks on the possibility of joining them as a consortium partner. The central bank has allowed HIDC to finance hydropower projects identified by banks as a consortium partner initially while it gains technical expertise.
The government-owned company has been in talks with a number of commercial banks planning to finance hydropower projects after they asked if it wanted to join them.
“We are talking with Nabil Bank out of the four banks that approached us with potential projects,” said Ejendra Prasad Luitel, management coordinator of HIDC. “Himalayan Bank, Prime and Laxmi have sent us the names of the projects, but they have not provided any details.”
According to HIDC, Nabil has proposed financing the 42 MW Mristi Khola Hydropower Project located in Myagdi district. HIDC and Nabil have held two rounds of talks over the project.
After finding the project to be attractive, the HIDC board has decided to invite Nabil and the developers of the project to give a presentation this week. The rate of the power purchase agreement signed with the Nepal Electricity Authority is Rs 5.40 per unit which HIDC has found attractive.
A senior Nabil official who wanted to remain unnamed said they were at the initial phase of discussions. “It is, however, good that an institution focused on hydropower development is ready to finance projects initiated by us,” said the Nabil official.
HIDC officials said it would also look at financing other projects after the other banks provide the details. According to them, Himalayan Bank has proposed the 42.9 MW Anku Khola while Prime Bank has proposed the 25 MW Khani Khola I whose capacity is being enhanced to 40 MW. Laxmi has proposed two projects, 23.5 MW Upper Solu and 2.6 MW Shisa Khola. HIDC had asked seven commercial banks and two development banks to recommend projects above 25 MW in which it could invest as a consortium partner.
Meanwhile, an HIDC official said that financing the project proposed by Laxmi Bank was not possible as it was below 25 MW. As per its memorandum of association, it can only finance projects above 25 MW.
Established a year ago, HIDC possesses funds in the amount of Rs 6.7 billion obtained by various ministries and other government agencies. The company intends to generate resources from bilateral and multilateral donor agencies and other international organisations besides issuing debentures and bonds in the domestic market. It has a paid-up capital of Rs 8 billion, issued capital of Rs 10 billion and authorised capital of Rs 50 billion.
Source: The Kathmandu Post
Hydroelectric Investment and Development Company (HIDC) has got off to a running start by holding talks with commercial banks on the possibility of joining them as a consortium partner. The central bank has allowed HIDC to finance hydropower projects identified by banks as a consortium partner initially while it gains technical expertise.
The government-owned company has been in talks with a number of commercial banks planning to finance hydropower projects after they asked if it wanted to join them.
“We are talking with Nabil Bank out of the four banks that approached us with potential projects,” said Ejendra Prasad Luitel, management coordinator of HIDC. “Himalayan Bank, Prime and Laxmi have sent us the names of the projects, but they have not provided any details.”
According to HIDC, Nabil has proposed financing the 42 MW Mristi Khola Hydropower Project located in Myagdi district. HIDC and Nabil have held two rounds of talks over the project.
After finding the project to be attractive, the HIDC board has decided to invite Nabil and the developers of the project to give a presentation this week. The rate of the power purchase agreement signed with the Nepal Electricity Authority is Rs 5.40 per unit which HIDC has found attractive.
A senior Nabil official who wanted to remain unnamed said they were at the initial phase of discussions. “It is, however, good that an institution focused on hydropower development is ready to finance projects initiated by us,” said the Nabil official.
HIDC officials said it would also look at financing other projects after the other banks provide the details. According to them, Himalayan Bank has proposed the 42.9 MW Anku Khola while Prime Bank has proposed the 25 MW Khani Khola I whose capacity is being enhanced to 40 MW. Laxmi has proposed two projects, 23.5 MW Upper Solu and 2.6 MW Shisa Khola. HIDC had asked seven commercial banks and two development banks to recommend projects above 25 MW in which it could invest as a consortium partner.
Meanwhile, an HIDC official said that financing the project proposed by Laxmi Bank was not possible as it was below 25 MW. As per its memorandum of association, it can only finance projects above 25 MW.
Established a year ago, HIDC possesses funds in the amount of Rs 6.7 billion obtained by various ministries and other government agencies. The company intends to generate resources from bilateral and multilateral donor agencies and other international organisations besides issuing debentures and bonds in the domestic market. It has a paid-up capital of Rs 8 billion, issued capital of Rs 10 billion and authorised capital of Rs 50 billion.
Source: The Kathmandu Post
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