Mount Makalu has appointed NIBL Capital as the Issue Manager for issuing its right shares at the ratio of 2:1. The agreement was signed on 10th of Jestha, 2074 between Mr. Kumar Khadka, CEO of Mount Makalu Development Bank and Mr. Mekh Bahadur Thapa, General Manager of NIBL Capital. Mount Makalu shall be issuing 345 thousand units of right shares at the rate of NPR 100 per share.
After the issuance of right shares, the paid up capital of Mount Makalu Development Bank shall increase from the current amount of NPR 69 million to the total paid up capital of NPR 103 million.
At the end of the third quarter of F.Y. 2073/74, the bank had total deposits amounting to NPR 155 million while its total loans were NPR 155 million. Additionally, the bank had earned a net profit of NPR 5.05 million during the same quarter.