Resumption of Bank Of Kathmandu share trading ‘within a week’

ShareSansar April 24:

Shareholders of Bank of Kathmandu Limited (BOK) will be able to trade in their shares in a few days. The transaction in bank's shares--whose trading had been barred after the company entered merger process—will resume soon.

BoK’s Chief Operating Officer Prabin Prakash Chhetri said formalities related to paperwork will soon be completed, opening the doors for the company’s shares to start trading in Nepse again.

“The paperwork is about to be completed. The trading will probably start within a week,” said Mr Chhetri.

BoK's shares were called off the NEPSE floor on June 15, 2014 after the company formally notified the regulatory bodies about its merger agreement with International Leashing and Finance Company Limited (ILFC), Nepal Express Finance Limited (NEFL) and Shree Investment and Finance Company Limited (SIFC).

Bank of Kathmandu has reported 35.33% percent rise in profit in the third quarter of the current fiscal year 2071/72.

According to unaudited financial statement published on Baishak 9, the bank posted a net profit of Rs 48.04 crore, up from Rs 35.49crore in the corresponding quarter of the previous fiscal year 2070/71.
BOK’s nonperforming loans (NPL) declined from 1.52% in the Q3 of last year to 1.08% this year. The bank’s CD ratio stands at 77.71%.

Its annualized EPS stands at Rs 30.21 and its net worth per share is valued at Rs 190.03.