NIBL Capital Markets Ltd and Nepal Community Development Bank signed an agreement on 13th of Ashad, 2074 for the issuance of right shares. Nepal Community Development Bank has appointed NIBL Capital as the Issue Manager for issuing its right shares at the ratio of 1 share equals to 1.2 shares (i.e. 1:1.2).
The agreement was signed by Mr. Rajan Prasad Khanal, CEO of Nepal Community Development Bank Limited and Mr. Mekh Bahadur Thapa, General Manager of NIBL Capital. Nepal Community Development Bank Limited shall be issuing 2.64 million at the rate of NPR 100 per share.
After the issuance of right shares, the paid up capital of Nepal Community Development Bank Ltd. shall increase from the current amount of NPR 220 million to the total paid up capital of NPR 484 million.
At the end of the third quarter of F.Y. 2073/74, the bank had total deposits amounting to NPR 1.79 billion while its total loans were NPR 1.59 billion. Additionally, the bank had earned a net profit of NPR 23.94 million during the same quarter.