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18 Jul, 2026
फर्स्ट माइक्रोफाइनान्सको आ.व. २०८२/८३ को चौथो त्रैमासिक वित्तीय विवरण

फर्स्ट माइक्रोफाइनान्सको आ.व. २०८२/८३ को चौथो त्रैमासिक वित्तीय विवरणFirst Microfinance's FY 2082/83 Fourth Quarter Financial Statements

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Published on July 18, 2026

फर्स्ट माइक्रोफाइनान्स लघु वित्त वित्तीय संस्था लि.

First Microfinance Laghu Bittiya Bittiya Sanstha Ltd.

नेपाल राष्ट्र बैंकबाट इजाजत पत्र प्राप्त “घ” वर्गको थोक लघुवित्त कर्जा प्रदायक लघु वित्त वित्तीय संस्था

Condensed Statement of Financial Position

As on 4th Quarter ended 32 Asadh 2083 (16/07/2026)

Particular This Quarter Ending Immediate Previous Year Ending

Assets

Cash & Cash Equivalent८८५,०४५,७३२५३७,०१४,०९६
Statutory Balances and Due from Nepal Rastra Bank१८,३१८,४७५२८,३१८,४७५

Placement with Bank & Financial Institutions - -

Derivative Financial Instruments - -

Other Trading Assets - -

Loans & Advances to MFIs & Cooperatives४,६५७,९३२,९६०६,०५५,९९७,२३५
Loans and Advances to Customers२५,०९२,८९८२८,१८७,४८५
Investment Securities३३,२९५,६००१,१९५,६००
Current Tax Assets१,८३२,३९८४,१५७,९४३

Investment Property - -

Property and Equipment ३,७५५,३०० ५,६७८,६५६

Goodwill and Intangible assets - -

Deferred Tax assets५,४११,७३५५,६०९,७९०
Other Assets६४,११०,६७२६९,६९३,२६६
Total Assets५,६९४,७९५,७७०६,७३५,८५२,५४६

Liabilities

Due to Bank and Financial Institutions - -

Due to Nepal Rastra Bank - -

Derivative Financial Instrument - -

Deposit from Customers - -

Borrowing ३,७६०,४२६,९६६ ४,९०९,६८१,१७२

Current Tax Liabilities - -

Provisions - -

Deferred Tax Liabilities - -

Other Liabilities ८८,४६०,३८९ ८३,५७४,५३८

Debt Securities Issued - -

Subordinated Liabilities - -

Total Liabilities ३,८४८,८८७,३५५ ४,९९३,२५५,७१०

Equity

Share Capital १,३४४,८७१,३२३ १,३४४,८७१,३२३

Share Premium - -

Retained Earnings१५२,६२१,७६३९०,३४०,०२०
Reserves३४८,४१५,३२९३०७,३८५,४९३
Total Equity१,८४५,९०८,४१५१,७४२,५९६,८३६
Total Liabilities and Equity५,६९४,७९५,७७०६,७३५,८५२,५४६

Condensed Statement of Profit or Loss

Upto Asadh End 2083

Particular Current Year Previous Year Corresponding

This Quarter Upto this Quarter (YTD) This Quarter Upto this Quarter (YTD)

Interest Income९४,८२०,६०१४०४,७०२,२५३१२४,२८१,४१४५५०,४७३,३५२
Interest Expense(३५,८९२,०७१)(१७७,२१०,५३२)(६९,६४९,०२८)(३३८,७९२,११३)
Net Interest Income५८,९२८,५३०२२७,४९१,७२१५४,६३२,३८६२११,६८१,२३९
Fee and Commission Income२,८७०,९६५३,२०६,९६५१,५५६,३१७६,३७३,४६७
Fee and Commission Expense(२९५,०००)(१,३२५,०००)(५६,०००)(१,२३६,०००)
Net Fee and Commission Income२,५७५,९६५१,८८१,९६५१,५००,३१७५,१३७,४६७
Net Interest, Fee and Commission Income६१,५०४,४९५२२९,३७३,६८६५६,१३२,७०३२१६,८१८,७०६

Net Trading Income - - - -

Other Operating Income - - - -

Total Operating Income६१,५०४,४९५२२९,३७३,६८६५६,१३२,७०३२१६,८१८,७०६
Impairment Charge (Reversal) for Loans and Other Losses(१,०४०,०८०)(१,०४०,०८०)(१,०४०,०८०)(१,०४०,०८०)
Operating Profit६२,५४४,५७५२३०,४१३,७६६५७,१७२,७८३२१७,८५८,७८६

Non-Operating Income - - - -

Non-Operating Expense - - - -

Profit before Income Tax ६२,५४४,५७५ २३०,४१३,७६६ ५७,१७२,७८३ २१७,८५८,७८६

Income Tax Expense

Current Tax २,०४०,०८० २,०४०,०८० २,०४०,०८० २,०४०,०८०

Deferred Tax - - - -

Profit for the Period ६०,५०४,४९५ २२८,३७३,६८६ ५५,१३२,७०३ २१५,८१८,७०६

Earnings Per Share

Basic Earnings Per Share४४.९९१६९.८२४१.००१६०.४८
Diluted Earnings Per Share४४.९९१६९.८२४१.००१६०.४८

Other Comprehensive Income

Items that will not be reclassified to profit or loss - - - -

Items that are or may be reclassified to profit or loss - - - -

Total Other Comprehensive Income - - - -

Total Comprehensive Income ६०,५०४,४९५ २२८,३७३,६८६ ५५,१३२,७०३ २१५,८१८,७०६

INTERIM FINANCIAL STATEMENTS

Regulatory Adjustment

a. (Interest Receivable)/Previous Accured Interest Received - -

b. (Short Loan Loss Provision in Accounts)/Reversal - -

c. (Short Provision for Possible Loss in Investment)/Reversal (१६,६९२,०००) -

d. (Short Loan Loss Provision on Non Banking Asset)/Reversal - -

e. (Deffered Tax Asset Reconized)/Reversal १९८,०५५ (१,७७५,३७१)

f. (Goodwill Recognized)/Impairment of Goodwill - -

g. (Bargain Purchase Gain Reconized)/Reversal - -

h. (Acturial Loss Regocnized)/Reversal - (७५८,२३८)

i. Other - -

Net Profit or (loss) for the year ended available for Distribution१३३,२७३,०९२८७,२८२,२२०
Opening Retained Earning९०,३४०,०२०११९,९४६,६६२

Adjustment (++) Prior Period Tax - -

Distribution:

Bonus Share Issued (८७,४१६,६३६) (११६,८८८,८६२)

Cash Dividend Paid - (१११,०४४,४२१)

Total Distributabe Profit or (Loss) as on Qtr End Date(८७,४१६,६३६)(५,८४४,४४१)
Total Distributable Profit or (Loss) as on Qtr End Date१३६,१९६,४७६९०,३४०,०२०
Annulized Distributable Profit/Loss Per Share१०.१३६.७२

Notes to Interim Financial Statements:

१. The above figures are subject to change as per the direction of the Regulators and/or external auditors.

२. The interim financial statement has been prepared in accordance with NFRS issued by the Accounting Standards Board, Nepal and the carve out issued by ICAN.

३. The Microfinance, following regulatory backstop measures as mentioned in clause १६ of NFRS-९ ECL Guidelines २०२४ issued by NRB has recognized impairment on credit exposure as the higher of total ECL and existing NRB Directives on loan loss provision.

४. Loans and Advances to MFIs and Co-operatives are presented net of impairment allowances.

५. Loans and Advances to Customers (employees) measured at amortized costs Last year figures have been reclassified, restated & corrected wherever necessary for the purpose for comparability.

६. The Interim Financial Statements has been updated in the Microfinane website: www.fmdb.com.np

धितोपत्र दर्ता तथा निष्काशन नियमावली २०७३ को अनुसूची-१४ (नियम २४ को उपनियम १ संग सम्बन्धित)

आ.व. २०८२/८३ को चौथो त्रैमासिक प्रतिवेदन

१. वित्तीय विवरण :

क) आ.व. २०८२/८३ को चौथो त्रैमासिक वित्तीय विवरण यस लघु वित्त वित्तीय संस्थाको सूचना पाटीमा टाँस गर्नुका साथै संस्थाको वेबसाइटमा अद्यावधिक गरिएको साथै यसै साथ प्रकाशित गरिएको छ ।

संस्थासँग सम्बन्धित पक्षहरुसँगको कारोबारमा यस संस्थाका संस्थापक शेयरधनी बैंक तथा वित्तीय संस्थाहरु सँग भएको कारोबारको विवरण निम्न बमोजिम रहेको छ :

रकम रु करोड

सम्बन्धित पक्ष सम्बन्ध कर्जा सापटी ब्याज खर्च अन्य खर्च

ग्लोबल आइएमई बैंक लि. यस संस्थाको९.९९९.९९४.६५
प्रभु बैंक लि. यस संस्थाको१०.२३२०.०००.०४०.००
कुमारी बैंक लि. यस संस्थाको३.६४२०.०००.०३
राष्ट्रिय वाणिज्य बैंक लि. यस संस्थाको४.०३२७.३६२.२७०.०७५
आइसीएफसी फाइनान्स लि. यस संस्थाको३.५५१५.००

ग्लोबल आइएमई क्यापिटल लि. ग्लोबल आइएमई बैंक लि. को सहायक कम्पनी - - ०.०१५

यसका साथै माथि उल्लेखित बैंकहरुमा यस संस्थाको बैंक खाताहरु पनि सञ्चालनमा रहेका छन् ।

ख) प्रमुख वित्तीय अनुपातहरु :

प्रति शेयर आम्दानी रु. मूल्य आम्दानी अनुपात (P/E Ratio) प्रति शेयर नेटवर्थ रु. प्रति शेयर कुल सम्पत्तिको मूल्य रु. तरलता अनुपात (प्रतिशत)

१४.१८ ६०.६५ १३७.२६ ४२३.४५ २४.०२

२. व्यवस्थापकीय विश्लेषण :

क) त्रैमासिक अवधिमा संस्थाको बैंक मौज्दात, आम्दानी र तरलतामा कुनै परिवर्तन भए सोको प्रमुख कारण सम्बन्धी विवरण:

Other Operating Income60,281,345229,373,68655,418,994216,818,706
Impairment Charge for loans and other losses75,143,961118,621,39720,687,0309,435,838
Net Operating income135,425,306347,995,08376,106,024226,254,544
Operating Expenses(25,120,592)(75,243,268)(20,064,019)(68,638,684)
Personnel Expenses(19,007,392)(59,905,281)(13,380,044)(49,857,228)
Other Operating Expenses(5,632,356)(13,414,631)(6,171,866)(16,747,646)
Depreciation and Amortisation(480,844)(1,923,356)(512,109)(2,033,810)
Operating Profit110,304,714272,751,81556,042,005157,615,860

Non Operating Income - - - -

Non Operating Expense - - - -

Profit before Income Tax 110,304,714 272,751,815 56,042,005 157,615,860

Income Tax Expense

Current Tax(28,425,126)(81,825,545)(16,006,849)(49,544,766)
Deferred Tax(4,864,344)(198,055)(827,807)1,775,371
Profit (Loss) for the Period77,015,244190,728,21539,207,349109,846,465
Profit (Loss) for the Period77,015,244190,728,21539,207,349109,846,465

Other Comprehensive Income - - - -

Total Comprehensive Income77,015,244190,728,21539,207,349109,846,465
Basic earnings per share14.188.17
Diluted earnings per share14.188.17
Profit For the Period77,015,244190,728,21539,207,349109,846,465
Total77,015,244190,728,21539,207,349109,846,465

Statement of Comprehensive Income

Particular Current Year (This Quarter) Current Year (Upto this Quarter (YTD)) Previous Year Corresponding (This Quarter) Previous Year Corresponding (Upto this Quarter (YTD))

Profit for the year77,015,244190,728,21539,207,349109,846,465
Profit for the Period77,015,244190,728,21539,207,349109,846,465
Total77,015,244190,728,21539,207,349109,846,465
Basic Earnings per Share14.188.17
Diluted Earnings per Share14.188.17

Ratio As per NRB Directive

Ratios Current Year (Upto This Quarter (YTD)) Corresponding Previous Year (Upto This Quarter (YTD))

Capital Fund to RWA 35.43% 25.59%

Non-performing loan (NPL) to Toal Loan 2.88% 3.84%

Net NPL to Net Loan 0.00% 0.00%

Total Loan Loss provision to Total NPL 120.15% 125.06%

Cost of Funds 4.75% 6.22%

Credit to Deposit and borrowing Ratio 123.87% 124.06%

Base Rate 6.48% 7.58%

Interest Rate Spread 1.36% 1.43%

Statement of Distributable Profit or Loss

Upto Asadh End 2083

Net Profit or (loss) as per Statement of Profit or Loss Current Year (Upto This Qtr) Previous Year (Corresponding Qtr)

190,728,215 109,846,465

Appropriations

a. General Reserve (38,145,643) (21,969,293)

b. Capital Redemption Reserve - -

c. Corporate Social Responsability (1,907,282) (1,098,465)

d. Employee Training Fund - -

e. Client Protection Fund(3,814,564)(1,647,697)
f. Other2,906,3114,684,819
Profit or (loss) Before Regulatory Adjustment149,767,03789,815,829

अघिल्लो आ.व. मसान्तको तुलनामा यस त्रैमास मसान्तको तरलता मौज्दातमा ७० प्रतिशतले वृद्धि भएको छ । त्यस्तै संस्थाको खुद कर्जा लगानी रकम अघिल्लो आ.व. को तुलनामा ८४ प्रतिशतले बढेको छ । यस आ.व. को चौथो त्रैमास सम्मको खुद मुनाफा उन्नाइस करोड सात लाख अठाईस हजार दुई सय पन्ध्र रहेको छ । यस त्रैमासमा संस्थाले तरलता, जोखिम तथा ब्याजदर अन्तरको व्यवस्थापन गरेको छ ।

२. आगामी अवधिको व्यवसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणात्मक विवरण :

क) यस लघु वित्त वित्तीय संस्था निरन्तर रुपमा गुणस्तरीय थोक लघु कर्जा सेवा दिने कार्यमा केन्द्रित रहेको छ । नियामक निकायका विभिन्न निर्देशनहरुको मध्यनजर गर्दै न्यून जोखिम देखिएका ग्राहकहरुको पहिचान गरी कर्जा लगानीको रकम तथा गुणस्तर विस्तारको लागि रणनीतिक तरवरले अगाडी बढाउने योजना रहेको छ । कारोबार विस्तारको लागि मर्जर लगायतका वैकल्पिक उपायहरु खोज्ने रणनीति यस संस्थाले लिएको छ ।

ख) विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तात्विक असर पर्न सक्ने घटना, अवस्था आदि भएमा सो सम्बन्धी विश्लेषणात्मक विवरण :

यस त्रैमास मसान्तसम्म न्यून व्यवसायको आकार तथा असहज व्यवसायिक वातावरणमा समेत जोखिमयुक्त कर्जाको व्यवस्थापन गरि स्वीकारयोग्य खुद नाफा गरेको छ । वित्तीय क्षेत्रमा देखिएको अधिक तरलताको असर यस संस्थाको कारोबारमा समेत परेको छ जुन केहि समय अझ रहन सक्ने देखिन्छ । त्यस्तै संस्थाले कर्जा विस्तार गर्न सक्ने क्षमता रहेको हुँदा बजारमा कर्जाको माग भएको अवस्थामा कर्जा लगानी विस्तार हुने अपेक्षा गरिएको छ ।

३. कानुनी कारबाही सम्बन्धी विवरण :

क) त्रैमासिक अवधिमा संगठित संस्थाले वा संस्थाका विरुद्ध कुनै मुद्दा दायर भएको भए :

यस संस्थाले वा संस्थाका विरुद्ध कुनै मुद्दा दायर भएको छैन ।

ख) संगठित संस्थाको संस्थापक वा सञ्चालक वा संस्थापक वा सञ्चालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको भए :

संस्थाको संस्थापक वा सञ्चालक वा संस्थापक वा सञ्चालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको बारे कुनै जानकारी प्राप्त भएको छैन ।

ग) कुनै संस्थापक वा सञ्चालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको भए :

कुनै संस्थापक वा सञ्चालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको बारे कुनै जानकारी प्राप्त भएको छैन ।

४. संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण :

क) धितोपत्र बजारमा भएको संगठित संस्थाको शेयरको कारोबार सम्बन्धमा व्यवस्थापनको धारणा :

यस लघु वित्त वित्तीय संस्थाको शेयर कारोबारका सम्बन्धमा व्यवस्थापनले नियमित रुपमा नेपाल स्टक एक्सचेन्जको कारोबार अवलोकन गरिरहेको छ । समीक्षा अवधिमा शेयरको मूल्यमा तात्विक असर पार्ने कुनै पनि असामान्य घटना घटेको छैन । यस लघु वित्त वित्तीय संस्थाको शेयर नेपाल स्टक एक्सचेन्जको सूचकाङ्कको आधारमा खुल्ला बजारमा सामान्य रुपमा कारोबार भईरहेको पाइन्छ ।

ख) त्रैमासिक अवधिको शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कूल दिन तथा कारोबारको संख्या :

मिति २०८३/०१/०१ देखि २०८३/०३/३२ सम्मको अवधिमा यस संस्थाको शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कूल दिन तथा कारोबारको संख्या निम्न विवरण अनुसार भएको देखिन्छ ।

अधिकतम मूल्य रु न्यूनतम मूल्य रु अन्तिम मूल्य रु कारोबार भएको कूल दिन कारोबारको संख्या कारोबार भएको कूल शेयर संख्या

१२५.०० ७३०.०० ८६०.०० ६४ ७,९१७ १,०९,६९०

(श्रोत: नेपाल स्टक एक्सचेन्जको वेवसाईट www.nepalstock.com.np अनुसार)

५. समस्या तथा चुनौती :

समस्या : सीमित वित्तीय श्रोत, लघुवित्त सदस्यहरुको व्यवहारमा परिवर्तन, दक्ष जनशक्तिको अपर्याप्तता आदि ।

चुनौती : ऋणी संस्थाहरुको बढ्दो तरलता, नीति तथा नियममा हुने परिवर्तन, घट्दो ब्याजदर अन्तर, ऋणी संस्थाहरुको निष्क्रिय कर्जा, वित्तीय स्रोतको विविधतामा कमी ।

रणनीति : खुद्रा लघुकर्जा प्रवाह गर्ने लघुवित्त संस्थाहरु मार्फत लक्षित विपन्न सदस्यहरुमा सेवा विस्तार गर्ने र लगानीमा विविधीकरण गरी जोखिम न्यूनीकरण गर्नु प्रमुख रणनीतिको रुपमा रहेको छ । साथै मानव श्रोतको विकास तथा व्यवस्थापन गर्दै निम्न रणनीतिहरु अवलम्बन गरिने छ :

क. व्यवसायिक सम्बन्ध तथा सूचना प्रणाली विस्तार गर्ने ।

ख. व्यवसायिक दिगोपना सुधार गर्ने ।

ग. केहि संस्थामा बढ्दो जोखिम न्यूनीकरण गर्ने ।

घ. कर्जा लगानी सम्बन्धि रणनीति परिवर्तन गर्ने ।

ङ. लागत कटौती गर्ने रणनीति लागू गर्ने ।

६. संस्थागत सुशासन :

संस्थागत सुशासन सुदृढ गर्नका लागि सञ्चालक समिति, लेखापरीक्षण समिति, जोखिम व्यवस्थापन समिति, सम्पत्ति शुद्धीकरण अनुगमन समिति तथा कर्मचारी सेवा सुविधा समिति लगायतका समितिहरु र व्यवस्थापन सदैव प्रतिबद्ध रहेको छ । ऐन तथा नियम, नेपाल राष्ट्र बैंकको निर्देशन तथा लघुवित्त वित्तीय संस्थाले बनाएका नीति नियमहरु अनुपालन गरिएको छ । संस्थागत सुशासनलाई अझ बलियो बनाउनका लागि नीति नियम तथा निर्देशिकाहरु तयार गरी व्यवस्थापनको स्पष्ट अधिकार र दायित्वको व्याख्या गरिएको छ जुन सञ्चालक समिति तथा अन्य समितिहरुद्वारा नियमित रुपमा सम्बन्धित विषयमा अनुगमन गर्ने गरिएको छ ।

७. सत्य तथ्य सम्बन्धमा प्रमुख कार्यकारी अधिकृतको उद्घोषण :

आजको मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु । मैले यो उद्घोष गर्दछु कि मैले जाने बुझेको सम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् । लगानीकर्ताहरु सुसूचित भई निर्णय लिन आवश्यक पर्ने कुनै विवरण वा सूचना तथा जानकारीहरु लुकाइएको छैन ।

First Microfinance Laghu Bittiya Bittiya Sanstha Ltd.

First Microfinance Laghu Bittiya Bittiya Sanstha Ltd.

A Class “D” wholesale microfinance lending financial institution licensed by Nepal Rastra Bank

Condensed Statement of Financial Position

As on 4th Quarter ended 32 Asadh 2083 (16/07/2026)

Particular This Quarter Ending Immediate Previous Year Ending

Assets

Cash & Cash Equivalent885,045,732537,014,096
Statutory Balances and Due from Nepal Rastra Bank18,318,47528,318,475

Placement with Bank & Financial Institutions - -

Derivative Financial Instruments - -

Other Trading Assets - -

Loans & Advances to MFIs & Cooperatives4,657,932,9606,055,997,235
Loans and Advances to Customers25,092,89828,187,485
Investment Securities33,295,6001,195,600
Current Tax Assets1,832,3984,157,943

Investment Property - -

Property and Equipment 3,755,300 5,678,656

Goodwill and Intangible assets - -

Deferred Tax assets5,411,7355,609,790
Other Assets64,110,67269,693,266
Total Assets5,694,795,7706,735,852,546

Liabilities

Due to Bank and Financial Institutions - -

Due to Nepal Rastra Bank - -

Derivative Financial Instrument - -

Deposit from Customers - -

Borrowing 3,760,426,966 4,909,681,172

Current Tax Liabilities - -

Provisions - -

Deferred Tax Liabilities - -

Other Liabilities 88,460,389 83,574,538

Debt Securities Issued - -

Subordinated Liabilities - -

Total Liabilities 3,848,887,355 4,993,255,710

Equity

Share Capital 1,344,871,323 1,344,871,323

Share Premium - -

Retained Earnings152,621,76390,340,020
Reserves348,415,329307,385,493
Total Equity1,845,908,4151,742,596,836
Total Liabilities and Equity5,694,795,7706,735,852,546

Condensed Statement of Profit or Loss

Upto Asadh End 2083

Particular Current Year Previous Year Corresponding

This Quarter Upto this Quarter (YTD) This Quarter Upto this Quarter (YTD)

Interest Income94,820,601404,702,253124,281,414550,473,352
Interest Expense(35,892,071)(177,210,532)(69,649,028)(338,792,113)
Net Interest Income58,928,530227,491,72154,632,386211,681,239
Fee and Commission Income2,870,9653,206,9651,556,3176,373,467
Fee and Commission Expense(295,000)(1,325,000)(56,000)(1,236,000)
Net Fee and Commission Income2,575,9651,881,9651,500,3175,137,467
Net Interest, Fee and Commission Income61,504,495229,373,68656,132,703216,818,706

Net Trading Income - - - -

Other Operating Income - - - -

Total Operating Income61,504,495229,373,68656,132,703216,818,706
Impairment Charge (Reversal) for Loans and Other Losses(1,040,080)(1,040,080)(1,040,080)(1,040,080)
Operating Profit62,544,575230,413,76657,172,783217,858,786

Non-Operating Income - - - -

Non-Operating Expense - - - -

Profit before Income Tax 62,544,575 230,413,766 57,172,783 217,858,786

Income Tax Expense

Current Tax 2,040,080 2,040,080 2,040,080 2,040,080

Deferred Tax - - - -

Profit for the Period 60,504,495 228,373,686 55,132,703 215,818,706

Earnings Per Share

Basic Earnings Per Share44.99169.8241.00160.48
Diluted Earnings Per Share44.99169.8241.00160.48

Other Comprehensive Income

Items that will not be reclassified to profit or loss - - - -

Items that are or may be reclassified to profit or loss - - - -

Total Other Comprehensive Income - - - -

Total Comprehensive Income 60,504,495 228,373,686 55,132,703 215,818,706

INTERIM FINANCIAL STATEMENTS

Regulatory Adjustment

a. (Interest Receivable)/Previous Accrued Interest Received - -

b. (Short Loan Loss Provision in Accounts)/Reversal - -

c. (Short Provision for Possible Loss in Investment)/Reversal (16,692,000) -

d. (Short Loan Loss Provision on Non Banking Asset)/Reversal - -

e. (Deferred Tax Asset Recognized)/Reversal 198,055 (1,775,371)

f. (Goodwill Recognized)/Impairment of Goodwill - -

g. (Bargain Purchase Gain Recognized)/Reversal - -

h. (Actuarial Loss Recognized)/Reversal - (758,238)

i. Other - -

Net Profit or (loss) for the year ended available for Distribution133,273,09287,282,220
Opening Retained Earning90,340,020119,946,662

Adjustment (++) Prior Period Tax - -

Distribution:

Bonus Share Issued (87,416,636) (116,888,862)

Cash Dividend Paid - (111,044,421)

Total Distributable Profit or (Loss) as on Qtr End Date(87,416,636)(5,844,441)
Total Distributable Profit or (Loss) as on Qtr End Date136,196,47690,340,020
Annualized Distributable Profit/Loss Per Share10.136.72

Notes to Interim Financial Statements:

1. The above figures are subject to change as per the direction of the Regulators and/or external auditors.

2. The interim financial statement has been prepared in accordance with NFRS issued by the Accounting Standards Board, Nepal and the carve out issued by ICAN.

3. The Microfinance, following regulatory backstop measures as mentioned in clause 16 of NFRS-9 ECL Guidelines 2024 issued by NRB has recognized impairment on credit exposure as the higher of total ECL and existing NRB Directives on loan loss provision.

4. Loans and Advances to MFIs and Co-operatives are presented net of impairment allowances.

5. Loans and Advances to Customers (employees) measured at amortized costs Last year figures have been reclassified, restated & corrected wherever necessary for the purpose for comparability.

6. The Interim Financial Statements has been updated in the Microfinance website: www.fmdb.com.np

Securities Registration and Issuance Regulations 2073, Schedule-14 (Related to Rule 24, Sub-rule 1)

Fourth Quarterly Report of F.Y. 2082/83

1. Financial Details:

क) The fourth quarterly financial statement of F.Y. 2082/83 of this microfinance financial institution has been posted on the notice board of the institution, updated on its website, and published herewith.

The details of transactions with related parties, including promoter shareholder banks and financial institutions, are as follows:

Amount in NPR Crores

Related Party Relationship Loan Borrowed Interest Expense Other Expense

Global IME Bank Ltd. Holds9.999.994.65
Prabhu Bank Ltd. Holds10.2320.000.040.00
Kumari Bank Ltd. Holds3.6420.000.03
Rastriya Banijya Bank Ltd. Holds4.0327.362.270.075
ICFC Finance Ltd. Holds3.5515.00

Global IME Capital Ltd. Subsidiary of Global IME Bank Ltd. - - 0.015

Additionally, bank accounts of this institution are also operated in the above-mentioned banks.

ख) Key Financial Ratios:

Earnings Per Share (NPR) Price to Earnings Ratio (P/E Ratio) Net Worth Per Share (NPR) Book Value Per Share (NPR) Liquidity Ratio (Percentage)

14.18 60.65 137.26 423.45 24.02

2. Management Analysis:

क) Details regarding the major reasons for any changes in the institution's bank balance, income, and liquidity during the quarterly period:

Other Operating Income60,281,345229,373,68655,418,994216,818,706
Impairment Charge for loans and other losses75,143,961118,621,39720,687,0309,435,838
Net Operating income135,425,306347,995,08376,106,024226,254,544
Operating Expenses(25,120,592)(75,243,268)(20,064,019)(68,638,684)
Personnel Expenses(19,007,392)(59,905,281)(13,380,044)(49,857,228)
Other Operating Expenses(5,632,356)(13,414,631)(6,171,866)(16,747,646)
Depreciation and Amortisation(480,844)(1,923,356)(512,109)(2,033,810)
Operating Profit110,304,714272,751,81556,042,005157,615,860

Non Operating Income - - - -

Non Operating Expense - - - -

Profit before Income Tax 110,304,714 272,751,815 56,042,005 157,615,860

Income Tax Expense

Current Tax(28,425,126)(81,825,545)(16,006,849)(49,544,766)
Deferred Tax(4,864,344)(198,055)(827,807)1,775,371
Profit (Loss) for the Period77,015,244190,728,21539,207,349109,846,465
Profit (Loss) for the Period77,015,244190,728,21539,207,349109,846,465

Other Comprehensive Income - - - -

Total Comprehensive Income77,015,244190,728,21539,207,349109,846,465
Basic earnings per share14.188.17
Diluted earnings per share14.188.17
Profit For the Period77,015,244190,728,21539,207,349109,846,465
Total77,015,244190,728,21539,207,349109,846,465

Statement of Comprehensive Income

Particular Current Year (This Quarter) Current Year (Upto this Quarter (YTD)) Previous Year Corresponding (This Quarter) Previous Year Corresponding (Upto this Quarter (YTD))

Profit for the year77,015,244190,728,21539,207,349109,846,465
Profit for the Period77,015,244190,728,21539,207,349109,846,465
Total77,015,244190,728,21539,207,349109,846,465
Basic Earnings per Share14.188.17
Diluted Earnings per Share14.188.17

Ratio As per NRB Directive

Ratios Current Year (Upto This Quarter (YTD)) Corresponding Previous Year (Upto This Quarter (YTD))

Capital Fund to RWA 35.43% 25.59%

Non-performing loan (NPL) to Toal Loan 2.88% 3.84%

Net NPL to Net Loan 0.00% 0.00%

Total Loan Loss provision to Total NPL 120.15% 125.06%

Cost of Funds 4.75% 6.22%

Credit to Deposit and borrowing Ratio 123.87% 124.06%

Base Rate 6.48% 7.58%

Interest Rate Spread 1.36% 1.43%

Statement of Distributable Profit or Loss

Upto Asadh End 2083

Net Profit or (loss) as per Statement of Profit or Loss Current Year (Upto This Qtr) Previous Year (Corresponding Qtr)

190,728,215 109,846,465

Appropriations

a. General Reserve (38,145,643) (21,969,293)

b. Capital Redemption Reserve - -

c. Corporate Social Responsability (1,907,282) (1,098,465)

d. Employee Training Fund - -

e. Client Protection Fund(3,814,564)(1,647,697)
f. Other2,906,3114,684,819
Profit or (loss) Before Regulatory Adjustment149,767,03789,815,829

Compared to the end of the previous fiscal year, the liquidity balance at the end of this quarter has increased by 70 percent. Similarly, the institution's net loan investment has increased by 84 percent compared to the previous fiscal year. The net profit up to the fourth quarter of this fiscal year is 19,07,28,215. In this quarter, the institution has managed liquidity, risk, and interest rate differences.

2. Management's Analytical Report on Future Business Plan:

a) This microfinance financial institution is continuously focused on providing quality wholesale micro-loan services. Considering various directives from regulatory bodies, the plan is to strategically advance the loan investment amount and quality expansion by identifying low-risk customers. The institution has adopted a strategy of seeking alternative measures, including mergers, for business expansion.

b) Analytical Report on Significant Events, Conditions, etc., Affecting the Institution's Inventory, Profit, or Cash Flow from Past Experience:

Up to the end of this quarter, the institution has achieved acceptable net profit by managing risky loans even with a small business size and an unfavorable business environment. The impact of excess liquidity observed in the financial sector has also affected the institution's business, which is expected to persist for some time. Similarly, it is expected that loan investment will expand in the market when there is demand for loans, given the institution's capacity to expand loans.

3. Details Regarding Legal Proceedings:

a) If any case has been filed by or against the organized institution during the quarterly period:

No case has been filed by or against this institution.

b) If any case has been filed regarding the founder or director of the organized institution or the founder or director committing a violation of prevailing rules or a criminal offense:

No information has been received regarding any case filed concerning the founder or director of the institution committing a violation of prevailing rules or a criminal offense.

c) If any case has been filed regarding any founder or director committing an economic crime:

No information has been received regarding any case filed concerning any founder or director committing an economic crime.

4. Analysis of Share Trading of the Organized Institution:

a) Management's View on Share Trading of the Organized Institution in the Stock Market:

Regarding the share trading of this microfinance financial institution, the management regularly observes trading on the Nepal Stock Exchange. No unusual events significantly affecting the share price have occurred during the review period. The shares of this microfinance financial institution are found to be trading normally in the open market based on the NEPSE index.

b) Maximum, Minimum, Last Price, Total Trading Days, and Number of Trades of Shares During the Quarterly Period:

From 2083/01/01 to 2083/03/32, the maximum, minimum, last price, total trading days, and number of trades of the institution's shares are as follows:

Maximum Price Rs Minimum Price Rs Last Price Rs Total Trading Days Number of Trades Total Number of Shares Traded

125.00 730.00 860.00 64 7,917 1,09,690

(Source: Nepal Stock Exchange website www.nepalstock.com.np)

5. Problems and Challenges:

Problems: Limited financial resources, changes in the behavior of microfinance members, inadequacy of skilled manpower, etc.

Challenges: Increasing liquidity of debtor institutions, changes in policies and regulations, decreasing interest rate spread, non-performing loans of debtor institutions, lack of diversity in financial sources.

Strategy: The main strategy is to expand services to targeted vulnerable members through microfinance institutions providing retail micro-loans and diversify investments to reduce risk. Additionally, the following strategies will be adopted while developing and managing human resources:

a. Expand business relations and information systems.

b. Improve business sustainability.

c. Reduce increasing risk in some institutions.

d. Change loan investment strategies.

e. Implement cost reduction strategies.

6. Institutional Governance:

To strengthen institutional governance, the Board of Directors, Audit Committee, Risk Management Committee, Anti-Money Laundering Monitoring Committee, and Employee Service and Benefits Committee, among others, and the management are always committed. Acts and regulations, directives of Nepal Rastra Bank, and policies and rules formulated by the microfinance financial institution are complied with. To further strengthen institutional governance, policies and directives have been prepared, and the clear rights and responsibilities of the management have been defined, which are regularly monitored by the Board of Directors and other committees regarding relevant matters.

7. Declaration by the Chief Executive Officer Regarding Truth and Facts:

As of today's date, I personally take responsibility for the accuracy of the information and details mentioned in this report. I declare that, to the best of my knowledge, 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.

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