Nirdhan Utthan Laghubitta: A Recap of the 25th Annual General Meeting and Financial Milestones

Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) held its 25th Annual General Meeting, reporting 4,01,109 customers, 1,99,143 borrowers, and an investment of Rs. 25 Arba 62 crore 70 lakh.

The meeting included the approval of various proposals, such as the annual report, balance sheet, and financial statements. The chairman highlighted challenges, including a 70% decrease in profit due to increased non-performing loans.

Shareholders expressed concerns about the strict policies of Nepal Rastra Bank, suggested initiatives for debt recovery, and urged government intervention. Despite the current difficulties, there was optimism about the organization's reserve fund and expectations for future dividends.

Shareholders also discussed the impact of political uncertainty on financial institutions and emphasized the need for debt recovery efforts. The CEO assured shareholders that the organization would address their concerns and manage operations accordingly. All proposals in the meeting were unanimously approved by shareholders.