Nepal Bangladesh Bank Limited (NBB), Nepal Bank Limited (NBL) and Siddhartha Development Bank Limited (SDBL) are closing 80%, 23.74% and 60% right shares respectively to their shareholders today (Jestha 10, 2074). The issue was open from Baisakh 7, 2074.
Nepal Bangladesh Bank has earned net profit of Rs 82.76 crore in the third quarter of the FY 2073/74. After the adjustment of the rights shares, the bank's total paid-up capital will reach Rs 7.22 arba from the existing Rs 4.01 arba. The bank has authorized capital of Rs 10 arba. As per NRB directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, NBB will need to increase its capital by a further 10.85%.
Likewise, Nepal Bank has earned net profit of Rs. 2.51 arba in the third quarter of the current fiscal year 2073/74. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 8.04 arba from the existing Rs 6.49 arba. The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 62.21:37.79 ratio.
Similarly, SDBL has earned net profit of Rs 28.83 crore in the third quarter of the FY 2073/74. It is undergoing acquisition by Janata Bank Nepal Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 2.27 arba from the existing Rs 1.41 arba.
