Series I: Company overview
Bank of Kathmandu Limited (BOKL) is an “A” graded commercial bank established in the year 1995 AD with the objective of providing excellent customer service by offering personalized quality banking services and products. BOK became a notable name in the banking industry as it grabbed “Bank of the year” award in 2010. Bank of Kathmandu Limited has been operating as a merged unit of Bank of Kathmandu and Lumbini Bank Limited as on 30th Asadh, 2073 with a swap ratio fixed at 1:0.8281. Bank’s 14
th AGM announced Mr. Shovan Dev Pant as the new CEO of BOKL effective from 4
th Bhadra, 2074.
Investment Summary
BOKL is issuing 61,58,067 shares in auction with minimum bid price @NPR 100 with minimum 100 units shares to maximum 61,58,067 shares from 8
th Mangsir, 2074 to 25
th Mangsir, 2074.
Banking industry overview:
Nepal Stock Exchange consists of 28 commercial banks at present. It has been observed that the stocks of banking sector have grabbed the attention of the investors recently. The reason attributed to this attention is NRB’s direction to increase the paid up capital of the commercial banks to 8 arba. Banks in Nepal, therefore, have been issuing shares in order to meet the capital requirement. However, lately, the banking stocks are being traded at depressed price. The current Banking Index Level is 1311.74 as on 29
th November, 2017.
The commercial bank constitutes of 55.67% of the total market capitalization. The total market capitalization as of 29
th November, 2017 is NRs 1,784,414.95 million. The market capitalization of commercial banks is NRs 993,411,457,538.
Present shareholding structure of BOKL:
Present ownership structure of BOKL:
Top eight shareholders of BOKL:
Mr. Prakash Shrestha has been associated as the chairman of BOKL. Shrestha has acquired education till B.A level. As for his experiences, he is the chairman of Machhan Wildlife Resort at Lajimpat, Kathmandu. He was also the chairman of Lumbini Bank Limited. He has also worked as president of Hotel Association Nepal and as a vice chairperson at Nepal Tourism Board.
Please check website tomorrow for Series II
