August 27-2019, The meeting of Board of Directors of Citizen bank International has proposed 3% bonus and 12% cash as dividend from the net profit it has earned in the last fiscal year 2075-76.

The decision is subject to approval from Nepal Rastra Bank and upcoming annual general meting of the bank. Citizen Bank International is the first one to declare dividend position of this year and there are 28 commercial banks in operation.

Corporate News

HIDCL, Power China to build 762MW Tamor reservoir project

Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.

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Security audit of BFIs compulsory

Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.

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Age limit set for CEOs, directors at BFIs

KATHMANDU: Nepal Rastra Bank has set an age bar for board of directors and chief executive officers of banks and financial institutions (BFIS).

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Sebon unveils policies and programs for FY 2019/20

KATHMANDU, July 16: The Securities Board of Nepal (Sebon) has unveiled a 72-point Policy and Program for Fiscal Year 2019/20 for the development of the securities and commodities exchange market.

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Symbol % Change Last Price Turnover
NICGF 11.1111 10.0 1,117,764.0
SPDL 9.4737 104.0 577,210.0
MLBBL 4.8000 655.0 5,474,532.0
KADBL 4.0650 256.0 525,466.0
SFCL 3.9604 105.0 23,060.0
Symbol % Change Last Price Turnover
GIMES1 -11.1111 8.0 29,155.0
SEF -10.0000 9.0 1,487,575.0
MFIL -5.6075 202.0 3,892,560.0
HURJA -5.3571 106.0 66,566.0
ALBSL -4.4776 640.0 5,785,721.0
Symbol % Change Last Price Turnover
NLIC 2.8037 1,100.0 184,298,871.0
GBIME -2.9508 296.0 155,697,435.0
NBL -2.7778 280.0 58,581,495.0
SICL 2.9472 1,013.0 54,956,355.0
NIL 2.1978 465.0 46,293,254.0