सिवाइसी नेपाल लघुवित्तको पहिलो त्रैमासिक वित्तीय विवरणCyc Nepal Laghubitta Q1 Financial Results
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on November 16, 2026
Interim Financial Statements
Condensed Statement of Financial Position
As on Quarter ended 31st Ashwin 2083 (17th October, 2026)
Amount in "000"
| Particulars | This Quarter Ending | Immediate Previous Year Ending (Audited) |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalent | 634,147.66 | 378,888.01 |
| Statutory Balances and Due from Nepal Rastra Bank | 30,529.79 | 30,529.79 |
| Placement with Bank & financial institutions | - | - |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loan and Advances to MFIs & Cooperatives | - | - |
| Loan and Advances to Customers | 6,333,246.53 | 6,474,046.27 |
| Investment Securities | - | - |
| Current Tax Assets | 69,007.71 | 63,587.44 |
| Investment Property | - | - |
| Property and Equipment | 27,668.04 | 27,220.62 |
| Goodwill and Intangible Assets | 664.35 | 467.47 |
| Deferred tax assets | 114,837.41 | 114,837.41 |
| Other Assets | 180,757.86 | 176,438.03 |
| Total Assets | 7,390,859.34 | 7,266,015.03 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 2,996,519.54 | 2,984,045.84 |
| Borrowings | 2,957,747.48 | 2,769,236.55 |
| Current Tax Liabilities | 80,390.68 | 126,348.09 |
| Provisions | - | - |
| Deferred tax liabilities | - | - |
| Other Liabilities | 544,960.95 | 433,252.16 |
| Subordinated Liabilities | - | - |
| Total Liabilities | 6,579,618.65 | 6,312,882.64 |
| Equity | ||
| Share Capital | 266,424.39 | 266,424.39 |
| Share Premium | - | - |
| Retained Earnings | 86,438.43 | 48,604.69 |
| Reserves | 458,377.86 | 638,103.30 |
| Total Equity | 811,240.68 | 953,132.38 |
| Total Liabilites and Equity | 7,390,859.34 | 7,266,015.03 |
Interim Financial Statements
Condensed Statement of Profit & Loss
For the Quarter ended 31st Ashwin 2083 (17th October, 2026)
| Particulars 2083 Ashwin End | This Quarter 2083 Ashwin End | Upto This Quarter (YTD) 2082 Ashwin End Corresponding | This Quarter 2082 Ashwin End Corresponding | Upto This Quarter (YTD) (Audited) |
|---|---|---|---|---|
| Interest Income | 200,512.24 | 200,512.24 | 185,220.08 | 185,220.08 |
| Interest Expenses | 103,872.43 | 103,872.43 | 109,717.29 | 109,717.29 |
| Net Interest Income | 96,639.80 | 96,639.80 | 75,502.79 | 75,502.79 |
| Fee and Commission Income | 2,801.69 | 2,801.69 | 15,788.81 | 15,788.81 |
| Fee and Commission Expenses | - | - | - | - |
| Net Fee and Commission Expenses | 2,801.69 | 2,801.69 | 15,788.81 | 15,788.81 |
| Net Interest Income,Fee and commission Income | 99,441.50 | 99,441.50 | 91,291.60 | 91,291.60 |
| Net trading Income | - | - | - | - |
| Other Operating Income | - | - | - | - |
| Total Operating Income | 99,441.50 | 99,441.50 | 91,291.60 | 91,291.60 |
| Impairment Charge/(Reversal) for loans and other losses | 100,141.26 | 100,141.26 | 23,172.05 | 23,172.05 |
| Net Operating Income | (699.76) | (699.76) | 68,119.55 | 68,119.55 |
| Operating Expenses | 91,017.91 | 91,017.91 | 84,625.54 | 84,625.54 |
| Personnel Expenses | 67,643.45 | 67,643.45 | 65,015.69 | 65,015.69 |
| Other Operating Expenses | 21,360.27 | 21,360.27 | 17,246.50 | 17,246.50 |
| Depreciation and Amortizations | 2,014.18 | 2,014.18 | 2,363.35 | 2,363.35 |
| Operating Profit | (91,717.67) | (91,717.67) | (16,505.99) | (16,505.99) |
| Non-Operating Income | 17,249.23 | 17,249.23 | 1,932.17 | 1,932.17 |
| Non-Operating Expenses | - | - | - | - |
| Profit Before Income Tax | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Income Tax Expenses | - | - | - | - |
| Current Tax | - | - | - | - |
| Deferred Tax | - | - | - | - |
| Profit/loss for the Period | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Particulars 2083 Ashwin End | This Quarter 2083 Ashwin End | Upto This Quarter (YTD) 2082 Ashwin End Corresponding | This Quarter 2082 Ashwin End Corresponding | Upto This Quarter (YTD) (Audited) |
|---|---|---|---|---|
| Condensed Statement of Comprehensive income | ||||
| Profit or loss for the period | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Other Comprehensive Income | - | - | - | - |
| Total Comprehensive Income | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Basic earning per share | (111.80) | - | - | (21.88) |
| Diluted earning per share | (111.80) | - | - | (21.88) |
| Profit for the period | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Particulars 2083 Ashwin End | This Quarter 2083 Ashwin End | Upto This Quarter (YTD) 2082 Ashwin End Corresponding | This Quarter 2082 Ashwin End Corresponding | Upto This Quarter (YTD) (Audited) |
|---|---|---|---|---|
| Ratios as per NRB Directives | ||||
| Capital Fund to RWA | - | - | ||
| Non-Performing Loan(NPL) to total loan | - | - | ||
| Total Loan Loss Provision to Total NPL | - | - | ||
| Cost of Funds | - | - | ||
| Credit to Deposit & Borrowing Ratio | - | 106.36 | - | 108.81 |
| Base Rate | - | - | ||
| Interest Spread Rate | - | - | ||
* Interest Rate on Loan and Advances: 9% to 15% & Deposits: 7.5% to 13.30%
Interim Financial Statements
Details about the distributable profit Amount in "000"
Net Profit for the period ended First Quarter of the FY 2083/84 (74,468.43)
1. Appropriations :
1.1 Profit required to be appropriated to :
a. General reserve -
b. Capital Redemption Reserve -
c. Foreign exchange fluctuation fund -
d. Corporate social responsibility fund -
e. Employees training fund -
f. Client Protection Fund -
g. Other -
1.2 Profit required to be transferred to Regulatory Reserve:
a. Transferred to Regulatory Reserve -
b. Transferred from Regulatory Reserve -
Net Profit for the period First Quarter of the F/Y 2083/84 available for distribution (74,468.43)
Notes :
1. The interim financial statements have been prepared in accordance with Nepal Financial Reporting Standard (NFRS) and certain Carveout issued by the ICAN.These figures may vary with the audited figures as per instructed by external auditors and regulators.
2. The detailed interim financial report has been published in our website :www.cycnlblsg.org.np
3. Loans and Advances are presented net of impairment charges & includes staff loans.
4. Actuarial Valuation has not been done for Employee Benefits in this quarter.
5. Employee bonus provision also include on personal expenses.
6. Previous figures are regrouped/rearranged/restated wherever necessary for consistent presentation and comparison.
धितोपत्र दर्ता तथा निष्काशन नियमावली २०७३ को अनुसूची १४
(नियम २६ को उपनियम १ संग सम्बन्धित)
आ.ब. २०८३/८४ को प्रथम त्रैमासिक प्रतिवेदन
१. वित्तीय विवरण
क) त्रैमासिक अवधिको वासलात तथा नाफा/नोक्सान सम्बन्धी विवरण :
चालू आ.ब. २०८३/८४ को प्रथम त्रैमासको अपरिष्कृत वित्तीय विवरण यसै साथ प्रकाशित गरिएको छ।
ख) प्रमुख वित्तीय अनुपातहरू :
प्रति शेयर आम्दानी(वार्षिकीकरण गर्दा) रु (१११।८०) मूल्य आम्दानी अनुपात (१२।३१)
प्रति शेयर नेटवर्थ ३०४।४९ तरलता अनुपात १६।०८
प्रति शेयर कुल सम्पत्तिको मूल्य रु. २७७४।०९ - -
२. व्यवस्थापकीय विश्लेषण
क) त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलता कुनै परिवर्तन भए सो को प्रमुख कारण सम्बन्धित विवरण :
प्रथम त्रैमासिकमा वित्तीय संस्थाको मौज्दात, आम्दानी र तरलता समयअनुकूल हुने सामान्य परिवर्तन बाहेक अन्य कुनै तात्विक परिवर्तन भएको छैन। समीक्षा अवधिमा वित्तीय संस्थाको मौज्दात र तरलता सन्तोषजनक रहेको व्यवस्थापनको धारणा रहेको छ।
ख) आगामी अवधिको व्यवसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणत्मक विवरण : "बेरोजगार सँग रोजगार उत्पादन संग बजार र आर्थिक अभावसँग सिवाईसी लघुवित्त" भन्ने मूलभावका साथ नेपाल राष्ट्र बैंकबाट राष्ट्रियस्तरको कार्यक्षेत्र विस्तार गर्न स्वीकृति प्राप्त यस वित्तीय संस्थाले ७३ जिल्लामा १२४ वटा शाखा कार्यालयहरूमार्फत वित्तीय सेवा प्रदान गर्दै आएको छ। यस त्रैमासको अन्तसम्ममा संस्थाले कुल १,२६,४४० जना विपन्न वर्गका सदस्यहरूको घर परिवारमा लघुवित्त सेवा प्रदान गरेको छ। आफ्नो स्रोत र साधनको अधिकतम परिचालन गरी दिगो रुपमा लघुवित्त सेवा संचालन गर्ने सोच राखेको छ।
वित्तीय संस्थाले शाखा कार्यालयहरू मार्फत वित्तीय साक्षरता कार्यक्रम संचालन गर्दै आएको छ।
वित्तीय कारोबारलाई पारदर्शिता प्रदान गर्न ग्राहकहरू स्वयंमले आफ्नो मोबाईल मार्फत कारोबार चेक जाँच गर्न मिलने गरी "CYC MFI Smart App" सेवा सुचारु गरिएको छ।
कर्मचारीहरूको दक्षता अभिवृद्धि गरी कार्यकुशलतामा अभिवृद्धि गर्न, उत्पादकत्वलाई थप प्रभावकारी रुपमा संचालन गर्न कर्मचारीहरूलाई आवश्यक पर्ने तालिम तथा सेमिनारमा संलग्न गराई क्षमता अभिवृद्धि गरी सन्तुष्ट सदस्य नै संस्थाको दिगो विकासको आधारलाई कार्यान्वयन गरिनेछ। साथै, आगामी दिनहरूमा वित्तीय कारोबारलाई कर्जा, वचत र रेमिटान्स सुविधाहरूमा मात्र सीमित नगरी समयानुकूल ग्राहकको बदलिंदो चाहनालाई दृष्टिगत गरी संस्थाले उपलब्ध गराउँदै आएको सेवा सुविधाहरूमा थप परिष्कृत गर्दै लैजान व्यवस्थापन सदैव कटिबद्ध रहेको छ।
ग) विगतको अनुभवबाट संगठित संस्थाको नाफा नगद प्रवाहमा तालिक असर पार्न सक्ने घटना अवस्था आदि भएमा सो सम्वन्धी विश्लेषणत्मक समीक्षा: समीक्षा अवधिमा वित्तीय संस्थाले आवश्यक लगानी योग्य रकमको व्यवस्थापन सहज रुपमा गरेको छ। हाल वजारमा देखिएको लघुवित्त संस्थाहरू विच रहेको दोहोरोपना, अस्वस्थ प्रतिस्पर्धा, लघुवित्त संस्थाहरू विरुद्ध संचालित अभियान लगायत बाह्य वातावरणका कारण ग्राहकहरूका कर्जाको किस्ता भुक्तानीमा भएको ढिलासस्ती जस्ता समस्याहरूको कारण चालू आ.व. २०८३/८४ को प्रथम त्रैमासको नगद प्रवाह, बैंक मौज्दात लगायत नाफा/नोक्सानमा प्रत्यक्ष असर परेको छ। यद्यपि कर्जा जोखिम,तरलता व्यवस्थापन लगायतका अन्य विविध जोखिमहरू व्यवस्थापन गर्न व्यवस्थापन कटिवद्ध रहेको छ।
३. कानूनी कारवाही सम्बन्धी विवरण :
क) यस त्रैमासिक अवधिमा संगठित संस्थाले मुद्दा दायर गरेको तथा विगतमा कर्मचारी विरुद्ध दायर गरिएका मुद्दाहरू अदालतमा विचारधिन अवस्थामा रहेको र संस्थाको विरुद्ध हाल सम्म कुनै मुद्दा दायर भएको सूचना प्राप्त नभएको।
ख) यस संस्थाको संस्थापक/संचालकले वा संस्थापक/संचालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको छैन।
ग) कुनै संस्थापक वा संचालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको सूचना प्राप्त छैन ।
४. संगठित संस्थाको शेयर कारोबार सम्बन्धी विवरण :
क) धितो पत्र बजारमा भएको संगठित संस्थाको शेयर कारोबार सम्बन्धमा व्यवस्थापनको धारणा : यस वित्तीय संस्थाको शेयर कारोबार सम्बन्धमा खुल्ला बजारको मूल्य मान्यता अनुसार हुने गरेको छ।
ख) त्रैमासिक अवधिमा शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कुल दिन तथा कारोबार संख्या:
अधिकतम मूल्य न्यूनतम मूल्य अन्तिम मूल्य कारोबार दिन कारोबार कित्ता संख्या
१९९१।०० १२९५।०० १४८८।०० ६१ ५६०२३६
- समस्या तथा चुनौती : लघुवित्त क्षेत्रमा बढ्दो प्रतिस्पर्धात्मक वातावरणले अधिक कर्जा भार रहेको, विपन्न वर्गसम्म लघुवित्त सेवा पुर्याउन वर्तमान प्रतिस्पर्धात्मक वातावरणले संचालन लागत बढाएको छ। आ.व. २०८३/८४ को प्रथम त्रैमास अर्थात पछिल्लो समयमा लघुवित्त संस्था विरुद्ध देखिएका गतिविधिले संस्थाको आर्थिक क्रियाकलाप एवम् कर्जा लगानी र असुलीमा अपेक्षाकृत सुधार देखिएको छैन।
- संस्थागत सुशासन : संस्था संस्थागत सुशासन परिपालनाका लागि सदैव प्रतिवद्ध रहेको छ। नेपाल राष्ट्र बैंकबाट जारी निर्देशनहरू र संस्थाको सञ्चालक समितिबाट समय समयमा पारित नीति नियम तथा कार्यविधिहरूलाई संस्थाले पालना गर्दै आएको छ। संस्थाको संचालक समिति, आन्तरिक लेखापरीक्षण समिति र व्यवस्थापन समूह संस्थामा सुशासन कायम राख्न प्रतिवद्ध छ। संस्थासँग भएका लिखित नीति, नियम र निर्देशिकाहरूले संस्थाको सुशासनको सुनिश्चितता गरेको छ।
- सत्य तथ्याक्ता सम्बन्धमा संस्था प्रमुखको उद्धघोष : आजको मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरूको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु। साथै म यो उद्घोष गर्दछु, मैले जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरू सत्य तथ्यपूर्ण छन् र लगानीकर्ताहरूलाई सु-सूचित भई निर्णय लिन आवश्यक कुनै विवरण वा सूचना तथा जानकारीहरू लुकाईएको छैन।
Interim Financial Statements
Condensed Statement of Financial Position
As on Quarter ended 31st Ashwin 2083 (17th October, 2026)
Amount in "000"
| Particulars | This Quarter Ending | Immediate Previous Year Ending (Audited) |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalent | 634,147.66 | 378,888.01 |
| Statutory Balances and Due from Nepal Rastra Bank | 30,529.79 | 30,529.79 |
| Placement with Bank & financial institutions | - | - |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loan and Advances to MFIs & Cooperatives | - | - |
| Loan and Advances to Customers | 6,333,246.53 | 6,474,046.27 |
| Investment Securities | - | - |
| Current Tax Assets | 69,007.71 | 63,587.44 |
| Investment Property | - | - |
| Property and Equipment | 27,668.04 | 27,220.62 |
| Goodwill and Intangible Assets | 664.35 | 467.47 |
| Deferred tax assets | 114,837.41 | 114,837.41 |
| Other Assets | 180,757.86 | 176,438.03 |
| Total Assets | 7,390,859.34 | 7,266,015.03 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 2,996,519.54 | 2,984,045.84 |
| Borrowings | 2,957,747.48 | 2,769,236.55 |
| Current Tax Liabilities | 80,390.68 | 126,348.09 |
| Provisions | - | - |
| Deferred tax liabilities | - | - |
| Other Liabilities | 544,960.95 | 433,252.16 |
| Subordinated Liabilities | - | - |
| Total Liabilities | 6,579,618.65 | 6,312,882.64 |
| Equity | ||
| Share Capital | 266,424.39 | 266,424.39 |
| Share Premium | - | - |
| Retained Earnings | 86,438.43 | 48,604.69 |
| Reserves | 458,377.86 | 638,103.30 |
| Total Equity | 811,240.68 | 953,132.38 |
| Total Liabilites and Equity | 7,390,859.34 | 7,266,015.03 |
Interim Financial Statements
Condensed Statement of Profit & Loss
For the Quarter ended 31st Ashwin 2083 (17th October, 2026)
| Particulars 2083 Ashwin End | This Quarter 2083 Ashwin End | Upto This Quarter (YTD) 2082 Ashwin End Corresponding | This Quarter 2082 Ashwin End Corresponding | Upto This Quarter (YTD) (Audited) |
|---|---|---|---|---|
| Interest Income | 200,512.24 | 200,512.24 | 185,220.08 | 185,220.08 |
| Interest Expenses | 103,872.43 | 103,872.43 | 109,717.29 | 109,717.29 |
| Net Interest Income | 96,639.80 | 96,639.80 | 75,502.79 | 75,502.79 |
| Fee and Commission Income | 2,801.69 | 2,801.69 | 15,788.81 | 15,788.81 |
| Fee and Commission Expenses | - | - | - | - |
| Net Fee and Commission Expenses | 2,801.69 | 2,801.69 | 15,788.81 | 15,788.81 |
| Net Interest Income,Fee and commission Income | 99,441.50 | 99,441.50 | 91,291.60 | 91,291.60 |
| Net trading Income | - | - | - | - |
| Other Operating Income | - | - | - | - |
| Total Operating Income | 99,441.50 | 99,441.50 | 91,291.60 | 91,291.60 |
| Impairment Charge/(Reversal) for loans and other losses | 100,141.26 | 100,141.26 | 23,172.05 | 23,172.05 |
| Net Operating Income | (699.76) | (699.76) | 68,119.55 | 68,119.55 |
| Operating Expenses | 91,017.91 | 91,017.91 | 84,625.54 | 84,625.54 |
| Personnel Expenses | 67,643.45 | 67,643.45 | 65,015.69 | 65,015.69 |
| Other Operating Expenses | 21,360.27 | 21,360.27 | 17,246.50 | 17,246.50 |
| Depreciation and Amortizations | 2,014.18 | 2,014.18 | 2,363.35 | 2,363.35 |
| Operating Profit | (91,717.67) | (91,717.67) | (16,505.99) | (16,505.99) |
| Non-Operating Income | 17,249.23 | 17,249.23 | 1,932.17 | 1,932.17 |
| Non-Operating Expenses | - | - | - | - |
| Profit Before Income Tax | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Income Tax Expenses | - | - | - | - |
| Current Tax | - | - | - | - |
| Deferred Tax | - | - | - | - |
| Profit/loss for the Period | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Particulars 2083 Ashwin End | This Quarter 2083 Ashwin End | Upto This Quarter (YTD) 2082 Ashwin End Corresponding | This Quarter 2082 Ashwin End Corresponding | Upto This Quarter (YTD) (Audited) |
|---|---|---|---|---|
| Condensed Statement of Comprehensive income | ||||
| Profit or loss for the period | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Other Comprehensive Income | - | - | - | - |
| Total Comprehensive Income | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Basic earning per share | (111.80) | - | - | (21.88) |
| Diluted earning per share | (111.80) | - | - | (21.88) |
| Profit for the period | (74,468.43) | (74,468.43) | (14,573.83) | (14,573.83) |
| Particulars 2083 Ashwin End | This Quarter 2083 Ashwin End | Upto This Quarter (YTD) 2082 Ashwin End Corresponding | This Quarter 2082 Ashwin End Corresponding | Upto This Quarter (YTD) (Audited) |
|---|---|---|---|---|
| Ratios as per NRB Directives | ||||
| Capital Fund to RWA | - | - | ||
| Non-Performing Loan(NPL) to total loan | - | - | ||
| Total Loan Loss Provision to Total NPL | - | - | ||
| Cost of Funds | - | - | ||
| Credit to Deposit & Borrowing Ratio | - | 106.36 | - | 108.81 |
| Base Rate | - | - | ||
| Interest Spread Rate | - | - | ||
* Interest Rate on Loan and Advances: 9% to 15% & Deposits: 7.5% to 13.30%
Interim Financial Statements
Details about the distributable profit Amount in "000"
Net Profit for the period ended First Quarter of the FY 2083/84 (74,468.43)
1. Appropriations :
1.1 Profit required to be appropriated to :
a. General reserve -
b. Capital Redemption Reserve -
c. Foreign exchange fluctuation fund -
d. Corporate social responsibility fund -
e. Employees training fund -
f. Client Protection Fund -
g. Other -
1.2 Profit required to be transferred to Regulatory Reserve:
a. Transferred to Regulatory Reserve -
b. Transferred from Regulatory Reserve -
Net Profit for the period First Quarter of the F/Y 2083/84 available for distribution (74,468.43)
Notes :
1. The interim financial statements have been prepared in accordance with Nepal Financial Reporting Standard (NFRS) and certain Carveout issued by the ICAN.These figures may vary with the audited figures as per instructed by external auditors and regulators.
2. The detailed interim financial report has been published in our website :www.cycnlblsg.org.np
3. Loans and Advances are presented net of impairment charges & includes staff loans.
4. Actuarial Valuation has not been done for Employee Benefits in this quarter.
5. Employee bonus provision also include on personal expenses.
6. Previous figures are regrouped/rearranged/restated wherever necessary for consistent presentation and comparison.
Schedule 14 of Securities Registration and Issuance Regulation 2073
(Pertaining to Sub-rule 1 of Rule 26)
First Quarterly Report of F.Y. 2083/84
1. Financial Statements
a) Quarterly Balance Sheet and Profit/Loss Statement Details:
Un-audited Financial Statement of First Quarter of F.Y. 2083/84 is published herewith.
b) Major Financial Ratios:
Earnings Per Share (Annualized) Rs. (111।80) Price Earnings Ratio (12।31)
Net Worth Per Share 304।49 Liquidity Ratio 16।08
Total Assets Value Per Share Rs. 2774।09 - -
2. Management Analysis
a) Major reasons for any changes in reserves, income, and liquidity during the quarterly period:
Except for normal changes in reserves, income, and liquidity of the financial institution according to time during the first quarter, no other material change has occurred. The management holds the opinion that reserves and liquidity of the financial institution during the review period are satisfactory.
b) Analytical details of management regarding future business plans:
With the core theme "CYC Nepal Laghubitta with Employment for Unemployed, Market with Production, and Service with Financial Scarcity", this financial institution, which has received approval from Nepal Rastra Bank to expand its scope nationwide, has been providing financial services through 124 branch offices across 73 districts. By the end of this quarter, the institution has provided microfinance services to the families of a total of 1,26,440 deprived members. It envisions running microfinance services sustainably by maximally mobilizing its resources and assets.
The financial institution has been running financial literacy programs through its branch offices.
To ensure transparency in financial transactions, the service "CYC MFI Smart App" has been operationalized so that clients themselves can check and verify their transactions via mobile.
To enhance employee efficiency and productivity, employees will be engaged in required training and seminars to build capacity, as a satisfied member will be implemented as the foundation of sustainable development of the institution. Furthermore, the management remains committed to continuously refining the services provided by considering changing customer demands over time, not limiting financial transactions to just loans, savings, and remittance services in the coming days.
c) Analytical review of events, conditions, etc. from past experience that could materially affect the profit and cash flow of the corporate entity: During the review period, management comfortably managed the required investable funds. Due to problems such as delays in customer loan installment payments caused by external factors including duplication/over-indebtedness among microfinance institutions currently seen in the market, unhealthy competition, and campaigns run against microfinance institutions, there has been a direct impact on the cash flow, bank balance, and profit/loss during the first quarter of the current fiscal year 2083/84. However, management is committed to managing credit risk, liquidity management, and various other risks.
3. Details Regarding Legal Proceedings:
a) No lawsuit was filed by the entity during this quarterly period, lawsuits filed against employees in the past remain pending in court, and no notification of any lawsuit being filed against the institution has been received till date.
b) No lawsuit has been filed regarding non-compliance with prevailing rules or commission of criminal offenses by any promoter/director or against any promoter/director of this institution.
c) No information has been received regarding any lawsuit filed against any promoter or director in connection with financial crimes.
4. Details Regarding Share Transactions of the Corporate Entity:
a) Management's view on share transactions of the corporate entity in the stock market: Share transactions of this financial institution are determined in accordance with open market values and principles.
b) Maximum, minimum, closing price, total trading days, and total traded quantity of shares during the quarterly period:
Maximum Price Minimum Price Closing Price Trading Days Traded Quantity
1991।00 1295।00 1488।00 61 560236
- Problems and Challenges: Increased competitive environment in the microfinance sector has increased debt burden, and the current competitive environment in extending microfinance services to deprived classes has increased operational costs. Activities seen against microfinance institutions recently during the first quarter of F.Y. 2083/84 have resulted in less than expected improvement in economic activities, loan disbursements, and recoveries.
- Corporate Governance: The institution is always committed to complying with corporate governance. Directives issued by Nepal Rastra Bank and policies, rules, and procedures passed from time to time by the institution's Board of Directors are being complied with by the institution. The Board of Directors, Internal Audit Committee, and Management Group of the institution are committed to maintaining governance in the institution. The written policies, rules, and guidelines of the institution have ensured corporate governance of the institution.
- Declaration by the Chief of the Institution regarding Truth and Fairness: I take personal responsibility for the accuracy of the information and details mentioned in this report up to today's date. Further, I declare that to the best of my knowledge and understanding, the details mentioned in this report are true and factual, and no details, information, or data necessary for investors to make well-informed decisions have been concealed.