NCHL Concludes 15th AGM; Approves 15.789474% Dividend

Nepal Clearing House Limited (NCHL) has concluded it's 15th Annual General Meeting on 28th Ashoj, 2083 for the FY 2082/83.

The AGM approved the audited financials for the fiscal year and for the issuance of 15% bonus share and 0.789474% cash dividend for tax purpose. After the bonus shares, the paid-up capital of NCHL will be NRs. 1,677,288,200.

Following the bonus share issuance, the company’s paid-up capital will reach Rs. 1.68 billion. NCHL plans to use the increased capital mainly for investments in national payment systems, cross-border payments, digital public infrastructure and risk management.

During fiscal year 2082/83, NCHL processed 238.12 million transactions worth more than Rs. 21.02 trillion through its clearing and settlement systems. Both transaction volume and value increased by over 13% compared to the previous fiscal year.

The company’s operating revenue rose by 7%, while net profit declined by 2% to Rs. 410 million.

The AGM also approved a proposal to establish a subsidiary or associate company focused on technology and software development. The proposed entity will conduct research and development in banking, financial and payment technologies.