Nepal Community Dev. Bank appoints NIBL Capital as issue manager to issue 120% right share

Nepal Community Development Bank Limited (NCDB) has appointed NIBL Capital Markets Limited as its issue manager for issuing 1:1.20 (120%) right share. Mr. Rajan Prasad Khanal, Chief Executive Officer (CEO) of Nepal Community and Mr. Mekh Bahadur Thapa, General Manager of NIBL Capital signed the agreement. Nepal Community Development Bank’s 7^th AGM had approved to issue 120% right share to its shareholders. The bank will be floating 26.43 lakh units right shares at Rs 100 per share. After the issuance of right shares, its paid up capital will reach Rs  48.46 crore from existing Rs 22.29 crore. NCDB bank has collected 1.79 arba in deposits and has extended Rs 1.59 arba in loans. It has earned net profit of Rs 2.39 crore in the third quarter of the current fiscal year 2073/74.