The airline has also added a flight each to Biratnagar and Pokhara everyday to deal with the increased passenger flow for the Dashain festival, a press statement issued by the bank said, adding that it would soon start flights to Bharatpur, Janakpur, Bhadrapur and Nepalgunj.
Goodwill Finance issues rights shares
KATHMANDU, Sept 24: Goodwill Finance Ltd (Finance Company) started issuing 1,732,500 units of rights share in the ratio of 1:1.5 from Thursday. The company has decided seek permission from Nepal Rastra Bank to provide 7.6 percent cash dividend and 5 percent bonus share to its share holders.
With the issue of rights shares and bonus shares, the company´s total paid-up capital would reach Rs 294.5 million, the finance company said in a statement.
The company collected a total deposit of Rs 1.09 billion and invested Rs 997.6 million by the end of 2008/09 fiscal year.The bank earned operating profit of Rs 26.3 million during the fiscal year.
Kanchan Dev Bank starts operation
KATHMANDU, Sept 24: Kanchan Development Bank has started its formal operations from Thursday, the Kanchanpur-based bank said in a statement. The bank, with its head office in Bhimdatta Municipality, has a paid-up capital of Rs 100 million.
The ´B´ category bank currently has permission from Nepal Rastra Bank to operate in Kanchanpur, Kailali and Dadeldhura but aims to expand to the rest of the country in the future, the statement added. The bank´s Board of Directors is chaired by Shiva Singh Karki while Pushkar Raj Joshi is its CEO.
NIB announces cash dividend
KATHMANDU, Sept 24: The 23rd annual general meeting of Nepal Investment Bank Ltd held on Wednesday approved the proposed 20 percent cash dividend worth Rs 481.41million to its shareholders.
The bank earned a net profit of Rs 900.6 million during the fiscal year 2008/09, up by 29.26 percent posted a year earlier. The bank has almost doubled its paid-up capital to Rs 2.40 billion at the end of the fiscal year.
As of the fourth quarter of the fiscal year, the bank total lending, deposit and customers based reached to Rs 36.83 billion, Rs 46.7 billion and 270,000 respectively. Total Non-Performing Asset of the bank has decreased to 0.58 percent from 1.12 percent.
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