बेष्ट फाइनान्स कम्पनीको प्रथम त्रैमासिक वित्तीय विवरणBest Finance Company Unaudited Q1 Financial Results
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on November 1, 2026
Unaudited Financial Results (Quarterly)
As on Quarter Ended 31st Ashwin 2083 (17 October 2026)
Condensed Statement of Financial Position
As on Quarter Ended 31st Ashwin 2083 (17 October 2026)
Amount in NPR
| Particulars First Quarter Ending 31st Ashwin 2083 | Immediate | Previous Year Ending 32nd Ashadh 2083 |
|---|---|---|
| Assets | ||
| Cash and cash equivalent | 250,802,858 | 179,149,215 |
| Due from Nepal Rastra Bank | 500,687,152 | 380,237,149 |
| Placement with Bank and Financial Institutions | - | - |
| Derivative financial instruments | - | - |
| Other trading assets | - | - |
| Loan and advances to B/FIs | - | - |
| Loans and advances to customers | 4,368,297,150 | 4,183,451,746 |
| Investment securities | 1,968,792,897 | 2,115,258,105 |
| Current tax assets | 40,195,092 | 49,257,621 |
| Investment in subsidiaries | - | - |
| Investment in associates | - | - |
| Investment property | 224,203,138 | 243,149,541 |
| Property and equipment | 225,026,674 | 249,937,112 |
| Goodwill and Intangible assets | 4,911,103 | 5,322,599 |
| Deferred tax assets | 28,219,984 | 28,415,417 |
| Other assets | 49,005,579 | 79,458,010 |
| Total Assets | 7,660,141,626 | 7,513,636,513 |
| Liabilities | ||
| Due to Bank and Financial Institutions | 21,207,866 | 19,996,475 |
| Due to Nepal Rastra Bank | - | - |
| Derivative financial instruments | - | - |
| Deposits from customers | 6,431,906,850 | 6,306,890,204 |
| Borrowing | - | - |
| Current Tax Liabilities | - | - |
| Provisions | - | - |
| Deferred tax liabilities | - | - |
| Other liabilities | 181,865,388 | 179,857,363 |
| Debt securities issued | - | - |
| Subordinated Liabilities | - | - |
| Total liabilities | 6,634,980,104 | 6,506,744,040 |
| Equity | ||
| Share capital | 890,424,236 | 890,424,236 |
| Share premium | 14,947,992 | 14,947,992 |
| Retained earnings | (441,678,614) | (455,589,482) |
| Reserves | 561,467,909 | 557,109,726 |
| Total equity attributable to equity holders | 1,025,161,523 | 1,006,892,471 |
| Non-controlling interest | - | - |
| Total equity | 1,025,161,523 | 1,006,892,471 |
| Total liabilities and equity | 7,660,141,626 | 7,513,636,513 |
| Contingent Liabilities and Commitment | 226,515,094 | 192,398,245 |
| Net assets value per share | 115.13 | 113.08 |
Condensed Statement of Profit or Loss
For the Quarter Ended 31st Ashwin 2083 (17 October 2026)
Amount in NPR
| Particulars Current Year This Quarter Current Year | Particulars Current Year This Quarter Current Up to this quarter | Previous Year This Quarter Previous Year | Previous Year This Quarter Previous Up to this quarter | |
|---|---|---|---|---|
| Interest income | 122,340,097 | 122,340,097 | 127,848,983 | 127,848,983 |
| Interest expense | 75,461,344 | 75,461,344 | 95,642,890 | 95,642,890 |
| Net interest income | 46,878,753 | 46,878,753 | 32,206,093 | 32,206,093 |
| Fee and commission income | 4,256,829 | 4,256,829 | 5,313,003 | 5,313,003 |
| Fee and commission expense | 9,492 | 9,492 | 3,390 | 3,390 |
| Net fee and commission income | 4,247,337 | 4,247,337 | 5,309,613 | 5,309,613 |
| Net interest, fee and commission income | 51,126,090 | 51,126,090 | 37,515,706 | 37,515,706 |
| Net trading income | - | - | - | - |
| Other operating income | 3,377,578 | 3,377,578 | 4,615,092 | 4,615,092 |
| Total operating income | 54,503,668 | 54,503,668 | 42,130,798 | 42,130,798 |
| Impairment charge/(reversal) for loans and other losses | (21,467,337) | (21,467,337) | 52,161,024 | 52,161,024 |
| Net operating income | 75,971,005 | 75,971,005 | (10,030,226) | (10,030,226) |
| Operating expense | ||||
| Personnel expenses | 27,420,433 | 27,420,433 | 29,775,027 | 29,775,027 |
| Other operating expenses | 11,229,116 | 11,229,116 | 15,091,764 | 15,091,764 |
| Depreciation & Amortisation | 6,802,717 | 6,802,717 | 3,582,722 | 3,582,722 |
| Operating Profit | 30,518,741 | 30,518,741 | (58,479,739) | (58,479,739) |
| Non operating income | 335,992 | 335,992 | 3,761,967 | 3,761,967 |
| Non operating expense | 237,569 | 237,569 | - | - |
| Profit before income tax | 30,617,163 | 30,617,163 | (54,717,772) | (54,717,772) |
| Income tax expense | 9,185,149 | 9,185,149 | - | - |
| Current Tax | 9,185,149 | 9,185,149 | - | - |
| Deferred Tax | - | - | - | - |
| Profit/(Loss) for the period | 21,432,014 | 21,432,014 | (54,717,772) | (54,717,772) |
Condensed Consolidated Statement of Comprehensive Income
| Profit/(Loss) for the period | 21,432,014 | 21,432,014 | (54,717,772) | (54,717,772) |
| Other Comprehensive Income | 456,011 | 456,011 | (3,117,044) | (3,117,044) |
| Total Comprehensive Income | 21,888,025 | 21,888,025 | (57,834,816) | (57,834,816) |
| Earnings per share | ||||
| Basic earnings per share | 9.63 | 9.63 | (24.58) | (24.58) |
| Diluted earnings per share | 9.63 | 9.63 | (24.58) | (24.58) |
| Profit attributable to: | ||||
| Equity holders of the Bank | 21,888,025 | 21,888,025 | (57,834,816) | (57,834,816) |
| Non-controlling interest | - | - | - | - |
| Total | 21,888,025 | 21,888,025 | (57,834,816) | (57,834,816) |
Ratios as per NRB Directives
Particulars Current Year This Quarter Current Year Up to this quarter Previous Year This Quarter Previous Year Up to this quarter
Capital Fund to RWA 16.23% 15.82%
Non-Performing Loan (NPL) to Total Loan 9.73% 10.19%
Total Loan Loss Provision to Total NPL 78.96% 72.53%
Cost of Funds 4.42% 6.17%
Credit to Deposit Ratio 71.55% 69.07%
Base Rate 7.48% 9.58%
Interest Rate Spread 4.34% 4.39%
Details about the distributable profit
Amount in NPR
Opening Retained Earnings (455,589,482)
Add : (3,618,973)
Net Profit or (Loss) As per Statement of Profit or Loss 21,432,014
1. Appropriations 3,902,173
1.1 Profit required to be appropriated to: 4,500,723
a. General Reserve 4,286,403
b. Capital Redemption Reserve -
c. Exchange Fluctuation Fund -
d. CSR Fund 214,320
e. Employees Training Fund -
f. Other -
1.2 Profit required to be transferred to Regulatory Reserve: (598,550)
a. Transferred to Regulatory Reserve (598,550)
b. Transferred from Regulatory Reserve -
Net Profit for the period ended 1st quarter available for distribution (441,678,614)
Notes to Financial statements
1. Above Financial statements are prepared in accordance with Nepal Financial Reporting Standards (NFRS) and certain cave-outs as issued by ICAN.
2. These figures may vary with the audited figures at the instance of external auditor and/ or regulator.
3. Figures have been regrouped and rearranged wherever necessary.
4. Loans and Advances consists of accrued interest receivable net of interest suspense and have been presented in net of any impairment.
5. Loans and Advances to customers include loan to customers and loan to Employees which have been measured at amortised cost.
6. Personnel expenses include employee bonus provision.
7. NFRS adjustment which are subject to regulatory adjustments as per NRB directives have been shown as regulatory adjustments.
8. Other Comprehensive income includes the fair value changes of items prescribed by NFRS net of tax.
9. The detailed interim report has been published in finance websites www.bestfinance.com.np.
10. Impairment on credit exposures has been recognized in accordance with the existing regulatory provisions outlined in the Unified Directives, as these provisions resulted in a higher impairment amount compared to the Expected Credit Loss (ECL) calculated under Nepal Financial Reporting Standard (NFRS) 9.
11. Interest income has been recognized in accordance with the Guidance Note on Interest Income Recognition, 2025 issued by Nepal Rastra Bank.
धितोपत्र दर्ता तथा निष्काशन नियमावली,
२०६३ को (नियम २६ को उपनियम (१) संग सम्बन्धित)
आ.व. २०८३/०८४ को प्रथम त्रैमासिक प्रतिवेदन
१) वित्तीय विवरणः
क) त्रैमासिक अवधिको वासलात, नाफा नोक्सान सम्बन्धी विवरण :
आ.व. २०८३/०८४ को प्रथम त्रैमासिक अवधिको अपरिष्कृत (Unaudited) वासलात तथा नाफा नोक्सान सम्बन्धी विवरण यसै साथ प्रकाशित गरिएको छ । उक्त विवरण यस वित्तीय संस्थाको वेवसाईट www.bestfinance.com.np मा पनि राखिएको छ ।
ख) प्रमुख वित्तीय अनुपातहरुः
प्रति शेयर आम्दानी : ९.६३
प्रति शेयर नेटवर्थ : ११५.१३
तरलता अनुपात : ३९.९०
पि.ई अनुपात : ४६.९२
प्रति शेयर कुल सम्पत्तिको मूल्य : ८६०
२) व्यवस्थापकीय विश्लेषण :
क) यस त्रैमासमा संस्थाको निक्षेप तथा कर्जामा केही वृद्धि भएको छ । कर्जा असुलीमा पनि केहि सुधार भएको छ । आगामी दिनमा व्यवसाय विस्तार र कर्जा असुली गर्ने कार्यलाई थप प्रभावकारी बनाउंदै लगिनेछ ।
ख) संस्थाले कर्जा तथा निक्षेप र प्राथमिक पुँजी अनुपात तथा तरलतालाई मध्य नजर गर्दै संस्थाको कर्जा व्यवसाय उत्पादनशील क्षेत्रमा वृद्धि गर्न प्रयासरत रहेको छ ।
ग) यस संस्थाको नगद मौज्दात, नाफा नोक्सान वा नगद प्रवाहमा तात्विक असर पार्न सक्ने कुनै खास घटना वा अवस्था हाल रहेको छैन ।
३) कानूनी कारवाही सम्बन्धी विवरणः
क) संस्थामा व्यवसाय संचालन सम्बन्धी सामान्य मुद्दा बाहेक, संस्थापक/संचालकले वा निजहरुको विरुद्ध प्रचलित नियमको उल्लंघन, फौजदारी तथा आर्थिक अपराधका कुनै पनि मुद्दाहरु दायर भएको छैन ।
४) संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण :
क) यस वित्तीय संस्थाको शेयर मूल्य धितोपत्र बजारको नीति नियम अनुसार खुल्ला बजारले निर्धारण गर्ने गरेको र सोही अनुसार नै कारोबार हुने गरेको छ ।
ख) यस अवधिको शेयर कारोबार देहाय बमोजिम रहेको छ ।
शेयरको अधिकतम मूल्य : रु. ५६२
अन्तिम मूल्य : रु. ४४४
कारोबार संख्या : १९,२८,६९८
शेयरको न्यूनतम मूल्य : रु. ४१८
कारोबार भएको कुल दिन : ६१
५) समस्या तथा चुनौती :
कर्जाका लागि आवश्यक माग आइरहेको छैन । फलस्वरुप, संस्थाले कर्जा व्यवसाय विस्तार गर्न संघर्ष गरिरहेको छ। त्यसैले, संस्थासंग ३९ प्रतिशत भन्दा बढी तरल सम्पत्ति रहेको छ । आर्थिक गतिविधि घट्नेनै निष्कृय कर्जा व्यवस्थापन गर्न चुनौती थपिदै गएको छ । गैर बैंकिङ सम्पत्ति बिक्रीका लागि आशातिुरुपमा बोलपत्र प्राप्त भइरहेका छैनन् । कर्जा बिस्तारमा परेको असर र निष्कृय कर्जा व्यवस्थापनमा थपिएको चुनौतीले असर पुर्याउदै गएको भ्याता पनि रणनीतिक योजना बनाई अगाडि बढेको गएकाले समग्र चुनौतीहरुलाई संस्थाले कुशलतापूर्वक व्यवस्थापन गर्दै गइरहेको छ ।
६) संस्थागत सुशासन :
नेपाल राष्ट्र बैंक तथा अन्य नियमनकारी निकायहरुद्वारा जारी गरिएका संस्थागत सुशासन सम्वन्धी व्यवस्था पूर्णरुपमा पालना गरिएको छ । संस्थागत सुशासन कायम गर्नका लागि संस्थागत सुशासन नीति बनाइएको छ र समय समयमा कर्मचारीहरुलाई आन्तरिक र बाह्य प्रशिक्षण तथा तालिमको व्यवस्था मिलाइएको छ । संस्थागत सुशासन पालना सम्वन्धी क्रियाकलापको अनुगमन गर्न लेखापरीक्षण समिति लगायतका अन्य उपसमितिहरु गठन गरिएको छ । संस्थाको आन्तरिक लेखापरीक्षण नियमित रुपमा गर्ने गरिएको छ ।
७) सत्य, तथ्यता सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण :
आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु । साथै, म यो उद्घोष गर्दछु कि मैले जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् । लगानीकर्ताहरुलाई सुसूचित निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरु लुकाइएको छैन ।
Unaudited Financial Results (Quarterly)
As on Quarter Ended 31st Ashwin 2083 (17 October 2026)
Condensed Statement of Financial Position
As on Quarter Ended 31st Ashwin 2083 (17 October 2026)
Amount in NPR
| Particulars First Quarter Ending 31st Ashwin 2083 | Immediate | Previous Year Ending 32nd Ashadh 2083 |
|---|---|---|
| Assets | ||
| Cash and cash equivalent | 250,802,858 | 179,149,215 |
| Due from Nepal Rastra Bank | 500,687,152 | 380,237,149 |
| Placement with Bank and Financial Institutions | - | - |
| Derivative financial instruments | - | - |
| Other trading assets | - | - |
| Loan and advances to B/FIs | - | - |
| Loans and advances to customers | 4,368,297,150 | 4,183,451,746 |
| Investment securities | 1,968,792,897 | 2,115,258,105 |
| Current tax assets | 40,195,092 | 49,257,621 |
| Investment in subsidiaries | - | - |
| Investment in associates | - | - |
| Investment property | 224,203,138 | 243,149,541 |
| Property and equipment | 225,026,674 | 249,937,112 |
| Goodwill and Intangible assets | 4,911,103 | 5,322,599 |
| Deferred tax assets | 28,219,984 | 28,415,417 |
| Other assets | 49,005,579 | 79,458,010 |
| Total Assets | 7,660,141,626 | 7,513,636,513 |
| Liabilities | ||
| Due to Bank and Financial Institutions | 21,207,866 | 19,996,475 |
| Due to Nepal Rastra Bank | - | - |
| Derivative financial instruments | - | - |
| Deposits from customers | 6,431,906,850 | 6,306,890,204 |
| Borrowing | - | - |
| Current Tax Liabilities | - | - |
| Provisions | - | - |
| Deferred tax liabilities | - | - |
| Other liabilities | 181,865,388 | 179,857,363 |
| Debt securities issued | - | - |
| Subordinated Liabilities | - | - |
| Total liabilities | 6,634,980,104 | 6,506,744,040 |
| Equity | ||
| Share capital | 890,424,236 | 890,424,236 |
| Share premium | 14,947,992 | 14,947,992 |
| Retained earnings | (441,678,614) | (455,589,482) |
| Reserves | 561,467,909 | 557,109,726 |
| Total equity attributable to equity holders | 1,025,161,523 | 1,006,892,471 |
| Non-controlling interest | - | - |
| Total equity | 1,025,161,523 | 1,006,892,471 |
| Total liabilities and equity | 7,660,141,626 | 7,513,636,513 |
| Contingent Liabilities and Commitment | 226,515,094 | 192,398,245 |
| Net assets value per share | 115.13 | 113.08 |
Condensed Statement of Profit or Loss
For the Quarter Ended 31st Ashwin 2083 (17 October 2026)
Amount in NPR
| Particulars Current Year This Quarter Current Year | Particulars Current Year This Quarter Current Up to this quarter | Previous Year This Quarter Previous Year | Previous Year This Quarter Previous Up to this quarter | |
|---|---|---|---|---|
| Interest income | 122,340,097 | 122,340,097 | 127,848,983 | 127,848,983 |
| Interest expense | 75,461,344 | 75,461,344 | 95,642,890 | 95,642,890 |
| Net interest income | 46,878,753 | 46,878,753 | 32,206,093 | 32,206,093 |
| Fee and commission income | 4,256,829 | 4,256,829 | 5,313,003 | 5,313,003 |
| Fee and commission expense | 9,492 | 9,492 | 3,390 | 3,390 |
| Net fee and commission income | 4,247,337 | 4,247,337 | 5,309,613 | 5,309,613 |
| Net interest, fee and commission income | 51,126,090 | 51,126,090 | 37,515,706 | 37,515,706 |
| Net trading income | - | - | - | - |
| Other operating income | 3,377,578 | 3,377,578 | 4,615,092 | 4,615,092 |
| Total operating income | 54,503,668 | 54,503,668 | 42,130,798 | 42,130,798 |
| Impairment charge/(reversal) for loans and other losses | (21,467,337) | (21,467,337) | 52,161,024 | 52,161,024 |
| Net operating income | 75,971,005 | 75,971,005 | (10,030,226) | (10,030,226) |
| Operating expense | ||||
| Personnel expenses | 27,420,433 | 27,420,433 | 29,775,027 | 29,775,027 |
| Other operating expenses | 11,229,116 | 11,229,116 | 15,091,764 | 15,091,764 |
| Depreciation & Amortisation | 6,802,717 | 6,802,717 | 3,582,722 | 3,582,722 |
| Operating Profit | 30,518,741 | 30,518,741 | (58,479,739) | (58,479,739) |
| Non operating income | 335,992 | 335,992 | 3,761,967 | 3,761,967 |
| Non operating expense | 237,569 | 237,569 | - | - |
| Profit before income tax | 30,617,163 | 30,617,163 | (54,717,772) | (54,717,772) |
| Income tax expense | 9,185,149 | 9,185,149 | - | - |
| Current Tax | 9,185,149 | 9,185,149 | - | - |
| Deferred Tax | - | - | - | - |
| Profit/(Loss) for the period | 21,432,014 | 21,432,014 | (54,717,772) | (54,717,772) |
Condensed Consolidated Statement of Comprehensive Income
| Profit/(Loss) for the period | 21,432,014 | 21,432,014 | (54,717,772) | (54,717,772) |
| Other Comprehensive Income | 456,011 | 456,011 | (3,117,044) | (3,117,044) |
| Total Comprehensive Income | 21,888,025 | 21,888,025 | (57,834,816) | (57,834,816) |
| Earnings per share | ||||
| Basic earnings per share | 9.63 | 9.63 | (24.58) | (24.58) |
| Diluted earnings per share | 9.63 | 9.63 | (24.58) | (24.58) |
| Profit attributable to: | ||||
| Equity holders of the Bank | 21,888,025 | 21,888,025 | (57,834,816) | (57,834,816) |
| Non-controlling interest | - | - | - | - |
| Total | 21,888,025 | 21,888,025 | (57,834,816) | (57,834,816) |
Ratios as per NRB Directives
Particulars Current Year This Quarter Current Year Up to this quarter Previous Year This Quarter Previous Year Up to this quarter
Capital Fund to RWA 16.23% 15.82%
Non-Performing Loan (NPL) to Total Loan 9.73% 10.19%
Total Loan Loss Provision to Total NPL 78.96% 72.53%
Cost of Funds 4.42% 6.17%
Credit to Deposit Ratio 71.55% 69.07%
Base Rate 7.48% 9.58%
Interest Rate Spread 4.34% 4.39%
Details about the distributable profit
Amount in NPR
Opening Retained Earnings (455,589,482)
Add : (3,618,973)
Net Profit or (Loss) As per Statement of Profit or Loss 21,432,014
1. Appropriations 3,902,173
1.1 Profit required to be appropriated to: 4,500,723
a. General Reserve 4,286,403
b. Capital Redemption Reserve -
c. Exchange Fluctuation Fund -
d. CSR Fund 214,320
e. Employees Training Fund -
f. Other -
1.2 Profit required to be transferred to Regulatory Reserve: (598,550)
a. Transferred to Regulatory Reserve (598,550)
b. Transferred from Regulatory Reserve -
Net Profit for the period ended 1st quarter available for distribution (441,678,614)
Notes to Financial statements
1. Above Financial statements are prepared in accordance with Nepal Financial Reporting Standards (NFRS) and certain cave-outs as issued by ICAN.
2. These figures may vary with the audited figures at the instance of external auditor and/ or regulator.
3. Figures have been regrouped and rearranged wherever necessary.
4. Loans and Advances consists of accrued interest receivable net of interest suspense and have been presented in net of any impairment.
5. Loans and Advances to customers include loan to customers and loan to Employees which have been measured at amortised cost.
6. Personnel expenses include employee bonus provision.
7. NFRS adjustment which are subject to regulatory adjustments as per NRB directives have been shown as regulatory adjustments.
8. Other Comprehensive income includes the fair value changes of items prescribed by NFRS net of tax.
9. The detailed interim report has been published in finance websites www.bestfinance.com.np.
10. Impairment on credit exposures has been recognized in accordance with the existing regulatory provisions outlined in the Unified Directives, as these provisions resulted in a higher impairment amount compared to the Expected Credit Loss (ECL) calculated under Nepal Financial Reporting Standard (NFRS) 9.
11. Interest income has been recognized in accordance with the Guidance Note on Interest Income Recognition, 2025 issued by Nepal Rastra Bank.
Securities Registration and Issue Regulations,
2063 (Related to Rule 26, Sub-rule (1))
First Quarter Report of F.Y. 2083/084
1) Financial Statements:
a) Quarterly Balance Sheet, Profit and Loss Statement Details:
The unaudited Balance Sheet and Profit and Loss statement for the first quarter of F.Y. 2083/084 have been published herewith. The said report is also available on this financial institution's website www.bestfinance.com.np.
b) Major Financial Ratios:
Earnings Per Share : 9.63
Net Worth Per Share : 115.13
Liquidity Ratio : 39.90
P/E Ratio : 46.92
Total Assets Value Per Share : 860
2) Management Analysis:
a) In this quarter, there has been some growth in the institution's deposits and loans. Loan recovery has also seen some improvement. In the coming days, business expansion and loan recovery efforts will be made more effective.
b) The institution is striving to increase its loan business in productive sectors while considering loan and deposit, primary capital ratio, and liquidity.
c) There are currently no specific events or circumstances that could have a material impact on the cash balance, profit/loss, or cash flow of this institution.
3) Details Regarding Legal Proceedings:
a) Except for regular business-related lawsuits, no lawsuits regarding violation of prevailing regulations, criminal, or financial offenses have been filed against the institution, promoters, or directors.
4) Analysis of Share Transactions of the Corporate Body:
a) The share price of this financial institution is determined by the open market in accordance with the rules and regulations of the stock market, and transactions are carried out accordingly.
b) Share transactions during this period are as follows:
Maximum Share Price : Rs. 562
Closing Price : Rs. 444
Total Transactions : 19,28,698
Minimum Share Price : Rs. 418
Total Days Traded : 61
5) Problems and Challenges:
There is a lack of required demand for loans. As a result, the institution is struggling to expand its loan business. Therefore, the institution holds more than 39 percent liquid assets. Declining economic activity is adding challenges to managing non-performing loans. Bids for the sale of non-banking assets are not being received as expected. The institution is moving forward with a strategic plan despite the impact on loan expansion and added challenges in managing non-performing loans, and is thus efficiently managing the overall challenges.
6) Corporate Governance:
The provisions regarding corporate governance issued by Nepal Rastra Bank and other regulatory bodies have been fully complied with. A corporate governance policy has been formulated to maintain corporate governance, and internal and external training and orientation for employees have been arranged from time to time. Sub-committees, including an audit committee, have been formed to monitor activities related to compliance with corporate governance. Internal audit of the institution is conducted regularly.
7) Declaration by Chief Executive Officer on Truthfulness and Accuracy:
I personally take responsibility for the accuracy of the information and details mentioned in this report up to today's date. Furthermore, I declare that to the best of my knowledge and belief, the details mentioned in this report are true, factual, and complete. No details, information, or data necessary for investors to make informed decisions have been concealed.